Globalization and Its Discontents

Description

Those seeking to understand why globalization has engendered the hostility of protesters in Seattle and Genoa will find the reasons here. Renowned economist and Nobel Prize winner Stiglitz had a ringside seat for most of the major economic events of the last decade. 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. 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.;The 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. The 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.