Globalization

From Nobel laureate Joseph Stiglitz, "Globalization and its Discontents" is the bestselling expose of the all-powerful organizations that control our lives. Our world is changing. Globalization is not working. It is hurting those it was meant to help. And now, the tide is turning...As chief economist at the world bank, Nobel Prize-winner Joseph Stiglitz had a unique insider's view into the management of globalization. Now he speaks out against it: how the IMF and WTO preach fair trade yet impose crippling economic policies on deveopling nations; how free market 'shock therapy' made millions in East Asia and Russia worse off than they were before; and how the West has driven the global agenda to further its own financial interests. Globalization can still be a force for good, Stiglitz argues. But the balance of power has to change. Here he offers real, tough solutions for the future. "A massively important political as well as economic document ...we should listen to him urgently". (Will Hutton, "Guardian"). "Stiglitz is a rare breed, an heretical economist who has ruffled the self-satisfied global establishment that once fed him. Globalization and its Discontents declares war on the entire Washington financial and economic establishment". (Ian Fraser, "Sunday Herald"). "Gripping ...this landmark book shows him to be a worthy successor to Keynes". (Robin Blackburn, "Independent"). Joseph Stiglitz is one of the world's best-known economists. He was Chief Economist at the World Bank until January 2000. Before that he was Chairman of President Clinton's Council of Economic Advisers. He is currently Professor of Finance and Economics at Columbia University. He won the Nobel Prize for Economics in 2001 and is the author of the bestselling "Making Globalization Work", "The Price of Inequality" and "The Roaring Nineties", all published by Penguin. [An] urgently important new book. -- George ScialabbaThe promise of global institutions; broken promises; freedom to choose?; the East Asia crisis - how IMF policies brought the world to the verge of a global meltdown; who lost Russia?; unfair trade laws and other mischief; better roads to the market; the IMF's other agenda; the way ahead.