Globalization and its Discontents
In a world knitted ever tighter by the threads of commerce and capital, Globalization and Its Discontents pulls back the curtain on the uneven bargains and broken promises of the global economy. With piercing clarity and moral urgency, it chronicles how international institutions meant to uplift the poor instead deepen their despair, as policies crafted in distant boardrooms unravel the lives of millions. Can a system that claims universality serve justice when its power is so unequally distributed—and whose voice counts when nations rise or fall on decisions they did not choose? This is not merely a critique, but a plea—for accountability, for empathy, and for a new vision of global prosperity rooted in dignity rather than dominance. It is a story of ambition betrayed, and of the silent rebellions that ripple through the streets of the global South.
- Originally Published: 2002
- Publisher : W. W. Norton & Company, 2003
- Pages: 304
- Genre: Non-Fiction
- Book Type: Hardcopy
- ISBN-13: 978-0393324396
- Access: Members
Description
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 bestseller 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. With a new foreword for this paperback edition.
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