Publisher's Summary

This powerful, unsettling book gives us a rare glimpse behind the closed doors of global financial institutions by the winner of the 2001 Nobel Prize in Economics.
When it was first published, this national best-seller quickly became a touchstone in the globalization debate. Renowned economist and Nobel Prize winner Joseph E. Stiglitz had a ringside seat for most of the major economic events of the last decade, including stints as chairman of the Council of Economic Advisers and chief economist at the World Bank. Particularly concerned with the plight of the developing nations, he became increasingly disillusioned as he saw the International Monetary Fund and other major institutions put the interests of Wall Street and the financial community ahead of the poorer nations. Those seeking to understand why globalization has engendered the hostility of protesters in Seattle and Genoa will find the reasons here. While this book includes no simple formula on how to make globalization work, Stiglitz provides a reform agenda that will provoke debate for years to come. Rarely do we get such an insider's analysis of the major institutions of globalization as in this penetrating book.
©2002 Joseph E. Stiglitz (P)2013 Audible, Inc.
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Customer Reviews

Most Helpful
4 out of 5 stars
By WIN on 12-01-14

Highly thought provoking analysis on globalization

What made the experience of listening to Globalization and Its Discontents the most enjoyable?

Excellent and fascinating content thanks to the quite unique insight offered to us by Joseph Stiglets.

Did you have an extreme reaction to this book? Did it make you laugh or cry?

I believe that I now have a greater insight and understanding of ills the "emerging economies" reproach to the "rich nations" and why the way forward rapidly needs change.

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1 of 1 people found this review helpful

4 out of 5 stars
By Burhan on 05-14-16

Good ideas, repetitive book

The book is a solid look at the failures of globalization but rather repetitive, especially as the author continuously bashes the IMF for the same actions over and over again.

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