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