Globalization and Its Discontents (Norton Paperback)

US: W. W. Norton & Company, 2003. Paperback. Very Good. This powerful, unsettling book gives us a rare glimpse behind the closed do ors of global financial institutions by the winner of the 2001 Nobel Prize in Economics. When it was first published, this national bestseller quickly became a touchstone in the globalization debate. Renowned economist and No bel Prize winner Joseph E. Stiglitz had a ringside seat for most of the maj or economic events of the last decade, including stints as chairman of the Council of Economic Advisers and chief economist at the World Bank. Particu larly concerned with the plight of the developing nations, he became increa singly disillusioned as he saw the International Monetary Fund and other ma jor institutions put the interests of Wall Street and the financial communi ty ahead of the poorer nations. Those seeking to understand why globalizati on has engendered the hostility of protesters in Seattle and Genoa will fin d the reasons here. While this book includes no simple formula on how to ma ke globalization work, Stiglitz provides a reform agenda that will provoke debate for years to come. Rarely do we get such an insider's analysis of th e major institutions of globalization as in this penetrating book. With a n ew foreword for this paperback edition. Those seeking to understand why glo balization has engendered the hostility of protesters in Seattle and Genoa will find the reasons here. While this book includes no simple formula on h ow to make globalization work, Stiglitz provides a reform agenda that will provoke debate for years to come. Rarely do we get such an insider's analys is of the major institutions of globalization as in this penetrating book.