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Making globalization work : the next steps…

Making globalization work : the next steps to global justice

by Joseph E. Stiglitz

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Thorough and incisive look at the effects of modern globalization, including sections on debt, multinational corporations, intellectual property, free trade, and the environment. Offers an interesting view of the current situation, but also some solutions to counteract the problems. A good view into Stiglitz's economics. ( )
  HadriantheBlind | Mar 29, 2013 |
Making Globalization Work is his book about how globalization as it is currently managed is failing to improve the lives of many people in many countries, especially developing countries. The start of the book annoyed me, but once he got past the slogans and into some grittier policy it well and truly exceeded my expectations. There is a lot of very thought-provoking and disturbing material here, especially in his criticisms of the WTO (although he does say that the Uruguay Round's start at an international rule of law for trade is a big step forwards), climate change, too much developing country debt, and the US dollar's (now dwindling) status as a de facto reserve currency. The book was written in 2006, and he really picked what was coming in 2008 and described the problems with great prescience.

If you haven't taken an economics course but are interested, this is still a worthwhile read, but some of it may be hard to follow - especially the bits on debt servicing and the global reserve system. If you *have* done an economics course or 2, these are the best bits. If I were still lecturing, I would be recommending this book to all students taking econ at sophomore level or above, or to bright first years who are curious. I did not agree with all of it, but I did agree with much more than I expected, and have come away with a long reading list. ( )
  cushlareads | Nov 15, 2010 |
An excellent introduction to the major economic topics of globalization for general readers. What Stiglitz elaborates, makes so much sense that it is infuriating that the global community (and the United States in particular) have made so few steps towards a better, fairer and more civilized world. Where the book fails is in the political economy department. Stiglitz ends the book in a typically American sunny optimism without considering that there are powerful forces and interests at work which keep and maintain this unequal world. More transparency, better rules and increased democratic participation are nice goals but the way to achieve them is not mapped out by Stiglitz, making all his prior elaborations mostly a futile exercise in constructing utopia. ( )
  jcbrunner | Sep 12, 2010 |
This was a really great book. I am not too familiar with world politics and economics but this book shed some light on the way it is currently being mismanaged. The author goes further to give his advice on how the system can be improved. This book is a must-read and should be added to all high school reading lists IMO. ( )
  MrStevens | Aug 22, 2008 |
First a pointless digression: I'm sometimes intrigued by the equivalency some posit between conservative media and (allegedly) liberal media. For example, I've heard it postulated that Rush Limbaugh somehow balances NPR, Fox News balances CNN, etc. What those claims seem to gloss over (at least to my liberal senses) is the completely different tone of the two sides. NPR may have a liberal bias, but even so it strives for a professional objectivity towards which one never finds Limbaugh even gesturing. Perhaps liberals like their bias camoflagued, cloaked in layer upon layer of well-meaning competence.

Which is a round-about way of saying your experience of reading Making Globalization Work may depend heavily on your political biases. Speaking as a liberal, this was a powerful book, even better than Stiglitz former globalization tome--much larger in scope, much more thorough in its analysis of what needs to be done, and much more satisfying in its willingness to recommend solutions to the problems it finds.

What Stiglitz has done here is survey the problems with the current globalization regime (of WTO, IMF, World Bank, etc.) and then create solutions (or the framework for solutions) in each case.

Some of these issues, such as the lack of transparency in the IMF, have been dealt with before by Stiglitz. Mostly, though, these are issues not brought up in his previous works. They include: the unfair intellectual property system, the lack of a real international reserve system, the failure of international environmental cooperation, and the debt burden of poorer countries.

Some of the solutions struck me (in my blinkered liberal worldview) as quite common sense and beneficial. For example, he suggests that debts that have been incurred by a country under a dictatorship should be forgiven. Or that the intellectual property rules should be modified so that African nations don't have to pay first-world rates for AIDS treatments.

Admittedly, some solutions struck me as so ambitious, I couldn't help but be skeptical of their likelihood of success. Is the US really ready to acknowledge its diminished power over world affairs? Will India and China really work towards a more cooperative, open system; or are they more likely to ensure their place at the table at the expense of their neighbors?

Whether or not they're likely to take place, the reforms suggested in the book make for the start of a good conversation about what needs to be done. ( )
1 vote CarlosMcRey | Aug 11, 2008 |
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It will undoubtedly infuriate many, but cannot be accused of one of the complaints most commonly raised against Globalization and Its Discontents: This book is thorough and practical, and only rails against economic establishments such as the IMF when this expands and expounds his arguments.

The focus on development and spending to draw economies out of downturns will see comparisons drawn with both Amartya Sen and Keynes. His argument for a global reserve currency to avoid the US dollar's present problems is truly innovative, and will no doubt meet staunch opposition from the same economists and politicians who reject his support for the gradual opening of a country's markets to volatile capital flows.
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This book is dedicated to all those who have died in Iraq and

Afghanistan as well as to those still placing their lives at risk.

It is also dedicated to the returning veterans,

especially those who have become disabled.

We are thankful for their sacrifices;

they deserve all the care we can give.
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By now it is clear that the U.S. invasion of Iraq was a terrible mistake. (Preface)
Untangling the costs of the war has not been easy, and it would not have been possible without the help of many. (Acknowledgments)
On March 19, 2003, the United States and its "coalition of the willing" invaded Iraq.
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Amazon.com Product Description (ISBN 0393330281, Paperback)

"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.

(retrieved from Amazon Mon, 30 Sep 2013 13:47:32 -0400)

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A leading critic of globalization explains how to restructure an unstable global financial system, how nations can grow economically without damaging the environment, and how to devise a framework for free and fair global trade.

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W.W. Norton

3 editions of this book were published by W.W. Norton.

Editions: 0393061221, 0393330281, 0393061000

Penguin Australia

An edition of this book was published by Penguin Australia.

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