Globalization its Discontents

Our world is changing. Globalization is not working. It is hurting those it was meant to help. And now, the tide is turning #8230;

Explosive and shocking, Globalization and Its Discontents is the bestselling expos#233; of the all-powerful organizations that control our lives #8211; from the man who has seen them at work first hand.

As Chief Economist at the World Bank, Nobel Prize-winner Joseph Stiglitz had a unique insider#8217;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 developing nations; how free market #8216;shock therapy#8217; 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.

#8216;We should congratulate him, even if his former IMF colleagues will not#8217;
Liam Halligan, Sunday Telegraph

#8216;A massively important political as well as economic document #8230; we should listen to him urgently#8217;nbsp;
Will Hutton, Guardian

#8216;Compelling #8230; This book is everyone#8217;s guide to the misgovernment of globalization#8217;nbsp;
J. K. Galbraith

#8216;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#8217;nbsp;
Ian Fraser, Sunday Tribune

#8216;Gripping #8230; this landmark book #8230; shows him to be a worthy successor to Keynes#8217;nbsp;
Robin Blackburn, Independent

International Bureaucrats - the faceless symbols of the world economic order#8212;are under attack everywhere. Formerly uneventful meetings of obscure technocrats discussing mundane subjects such as concessional loans and trade quotas have now become the scene of raging street battles and huge demonstrations. The protests at the Seattle meeting of the World Trade Organization in 1999 were a shock. Since then, the movement has grown stronger and the fury has spread. Virtually every major meeting of the International Monetary Fund, the World Bank, and the World Trade Organization is now the scene of conflict and turmoil. The death of a protestor in Genoa in 2001 was just the beginning of what may be many more casualties in the war against globalization.

Riots and protests against the policies of and actions by institutions of globalization are hardly new. For decades, people in the developing world have rioted when the austerity programs imposed on their countries proved to be too harsh, but their protests were largely unheard in the West. What is new is the wave of protests in the developed countries.

It used to be that subjects such as structural adjustment loans (the programs that were designed to help countries adjust to and weather crises) and banana quotas (the limits that some European countries impose on the importing of bananas from countries other than their former colonies) were of interest to only a few. Now sixteen-year-old kids from the suburbs have strong opinions on such esoteric treaties as GATT (the General Agreement on Tariffs and Trade) and NAFTA (the North American Free Trade Area, the agreement signed in 1992 between Mexico, United States, and Canada that allows for the freer movement of goods, services, and investment - but not people - among those countries). These protests have provoked an enormous amount of soul-searching from those in power. Even conservative politicians such as France's president, Jacques Chirac, have expressed concern that globalization is not making life better for those most in need of its promised benefits. It is c

Książka "Globalization its Discontents"
Joseph E. Stiglitz; J. Stiglitz