|
Loading... Globalization and Its Discontents (original 2002; edition 2002)by Joseph E. Stiglitz
Work detailsGlobalization and Its Discontents by Joseph E. Stiglitz (2002)
None. 1   cwhouston | Nov 20, 2010 |  An independent thinker in global economic policies. Highlights how IMF damages the economies of emerging nations through its nostrums. The latter reflect the stances of US Treasury. It all seems part of program of global control. (  ) rajaratnam | Jun 19, 2010 | 경제 leese | Nov 23, 2009 | Well written, informative, remained interesting until the very end. Written more as a critique of the IMF as a stubborn and pedantic organization that is not flexible enough to adapt policies to local situations. Doesn't dive too deep into remedies for the challenges like the IMF faces, as I think Stiglitz plans it for a separate standalone book. (  ) jftouma | Sep 21, 2009 | A rather scathing attack on the IMF and - to a lesser extent - the World Bank, and the heavily counterproductive effects their interventions have. His argument is that the IMF works with a flawed and one-sided economic model, and that by forcing countries to comply with this model in a crisis it worsens their economic problems rather than alleviating them. It's certainly well-defended; unlike many economic debates, he has the advantage of being able to point to counterexamples of countries which acted in deliberate opposition to "the rules" and escaped the effects. It was rather interesting to read now; he had noted in passing that powerful countries can shrug off IMF advice, but reading about how they disparaged extensive spending programs, etc, did seem somewhat amusing whilst the news was full of hundreds of billions in bailout and stimulus proposals. There is one problem, which is omission. You're left with the uncomfortable feeling that the World Bank may well be just as bad, but that Stiglitz (who previously held a high office there) might have chosen to pull his punches - he doesn't exonerate it, and the times he mentions it are fairly negative. 1 generalising | Apr 2, 2009 |
 Globalization and its Discontents is a concise, devastating, and relentless indictment of the global economic policies of the International Monetary Fund, World Trade Organization, and World Bank. Stiglitz singles out the IMF for most of the blame: flawed economic theories, lack of transparency and accountability to the public, and the pursuit of special corporate interests.
References to this work on external resources.
|
 Google Books — Loading...Popular coversRatingAverage: (3.7)
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Wikipedia in English (4)
2
The author levels much constructive criticism at the IMF and WTO for the way in which they have treated the developing world over the last ten years but never suggests that globalisation per se is a bad idea. What I particularly appreciated was the effort taken by Stiglitz to present clear and reasoned argument to back up his points of view. I would have liked to see a little more detail on the history of the foundation of the IMF,WTO and World Bank but this is only a very minor gripe.
When I borrowed this book from my wife, I had expected, largely due to the title and cover art, that it would be just another incoherent and inflammatory bag of anti-everything nonsense. Fortunately, this is not at all the case. Excellent. (