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Making Globalization Workby Joseph E. Stiglitz
Synopses & Reviews
A bold new blueprint for action from one of globalization's closest observers and toughest critics.
An imaginative and, above all, practical vision for a successful and equitable world, Nobel Prize winner Joseph E. Stiglitz's Making Globalization Work draws equally from his academic expertise and his time spent on the ground in dozens of countries around the world. In clear language and compelling anecdotes, Stiglitz focuses on policies that truly work, offering fresh new thinking about the questions that shape the globalization debate, including a plan to restructure a global financial system made unstable by America's debt, ideas for how countries can grow without degrading the environment, a framework for free and fair global trade, and much more. Throughout, Stiglitz reveals that economic globalization continues to outpace both the political structures and the moral sensitivity required to ensure a just and sustainable world. And he makes plain the real work that all nations must undertake to realize that goal.
Book News Annotation:
Building from the foundation he set in Globalization and Its Discontents, Stiglitz (finance and economics, Columbia U.) describes the progress made, or not, in the years or so since he won the Nobel Prize in economics in 2001. With the rather startling idea in mind that treating developing nations more fairly is not only a moral obligation but also indispensable to the success of globalization, he presents a number of practical solutions to questions about sustainability, indebtedness, intellectual property, financial stability through global reserves, and even global warming, which threatens to put the brakes on any development whatsoever, let alone at the global level. He advocates reforms in the United Nations, the International Monetary Fund, and the World Bank, but his biggest idea is to change the way we think. Globalization must be a part of democratization and vice versa; only then can globalization become people-based rather than system-based. Annotation ©2006 Book News, Inc., Portland, OR (booknews.com)
"A damning denunciation of things as they are, and a platform for how we can do better."--Andrew Leonard, Salon
Four years after he outlined the challenges our increasingly interdependent world was facing in Globalization and Its Discontents, Joseph E. Stiglitz offered his agenda for reform. Now in paperback, Making Globalization Work offers inventive solutions to a host of problems, including the indebtedness of developing countries, international fiscal instability, and worldwide pollution. Stiglitz also argues for the reform of global financial institutions, trade agreements, and intellectual property laws, to make them better able to respond to the growing disparity between the richest and poorest countries. Now more than ever before, globalization has gathered the peoples of the world into one community, bringing with it a need to think and act globally. This trenchant, intellectually powerful book is an invaluable step in that process. This paperback edition contains a brand-new preface.
Nobel Prize winner Stiglitz focuses on policies that truly work and offers fresh, new thinking about the questions that shape the globalization debate.
About the Author
Winner of the 2001 Nobel Memorial Prize for Economics, Joseph E. Stiglitz is the best-selling author of Making Globalization Work; Globalization and Its Discontents; and, with Linda Bilmes, The Three Trillion Dollar War. He was chairman of President Clinton's Council of Economic Advisers and served as senior vice president and chief economist at the World Bank. He teaches at Columbia University and lives in New York City.
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