Globalization and 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... Explosive and shocking, Globalization and Its Discontents is the best-selling exposé of the all-powerful organizations that control our lives - from the man who has seen them at work first hand. As chief economist at the World Bank, Nobel prizewinner 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 developing 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.