Globalization and Its Discontents

Posted on 12 September 2018 by Joseph E. Stiglitz

When it was first published, this national bestseller quickly became a touchstone in the globalization debate Renowned economist and Nobel Prize winner Joseph E Stiglitz had a ringside seat for most of the major economic events of the last decade, including stints as chairman of the Council of Economic Advisers and chief economist at the World Bank Particularly concerned with the plight of the developing nations, he became increasingly disillusioned as he saw the International Monetary Fund and other major institutions put the interests of Wall Street and the financial community ahead of the poorer nations Those seeking to understand why globalization has engendered the hostility of protesters in Seattle and Genoa will find the reasons here While this book includes no simple formula on how 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 analysis of the major institutions of globalization as in this penetrating book With a new foreword for this paperback edition. Best Download Globalization and Its Discontents By Joseph E. Stiglitz For Kindle ePUB or eBook – kino-fada.fr Update, 4 January 2012I just stumbled across this Open Letter to Joseph Stiglitz by Kenneth Rogoff writing as Economic Counsellor and Director of Research, International Monetary Fund Rogoff is also the author and researcher of the excellentThis Time is Different Eight Centuries of Financial Folly , to which I gave five stars However one swings on this debate, Rogoff s lively rejoinder to this book is, I think, essential reading If nothing else, it s a good reminder to me to check my own c Update, 4 January 2012I just stumbled across this Open Letter to Joseph Stiglitz by Kenneth Rogoff writing as Economic Counsellor and Director of Research, International Monetary Fund Rogoff is also the author and researcher of the excellentThis Time is Different Eight Centuries of Financial Folly , to which I gave five stars However one swings on this debate, Rogoff s lively rejoinder to this book is, I think, essential reading If nothing else, it s a good reminder to me to check my own confirmation bias I m not going to pretend I know enough to referee a debate between these two great minds I do think, however, that if you ve just read this book or are intending to read it, do see what the other side has...I picked up Joseph Stiglitz book in the same purchase I got Naomi Klien s No Logo and Peter Singer s One World Obviously there is an interest in globalization in that recipe I ve been reading The Economist for some years and been mildly informed on globalization and the backlash against it evident in the protests against the IMF, World Bank, G7 G8, WTO and other multinational bodies associated with it I didn t really develop an interest in globalization until I re I picked up Joseph Stiglitz book in the same purchase I got Naomi Klien s No Logo and Peter Singer s One World Obviously there is an interest in globalization in that recipe I ve been reading The Economist for some years and been mildly informed on globalization and the backlash against it evident in the protests against the IMF, World Bank, G7 G8, WTO and other multinational bodies associated with it I didn t really develop an interest in globalization until I ...A critique of the way that globalization had proceeded up to 2002, focusing largely on the East Asia Crisis and Russian Shock Therapy Stiglitz argues that the policies enforced by the international financial institutions the IMF takes the brunt of his criticisms are politically, economically, and morally problematic In their adherence to budget austerity and overemphasis on inflation, they eliminate the social safety nets that make radical economic social reforms sustainable in the long term A critique of the way that globalization had proceeded up to 2002, focusing largely on the East Asia Crisis and Russian Shock Therapy Stiglitz argues that the policies enforced by the international financial institutions the IMF takes the brunt of his criticisms are politically, economically, and morally problematic In their adherence to budget austerity and overemphasis on inflation, they eliminate the social safety nets that make radical economic social reforms sustainable in the long term In their dogmatic belief in market fundamentalism they fail to attend to the unique factors in different countries, imposing a single model which Stiglitz claims was largely developed to address the conditions that arose in the 1980 s in Latin America in very diverse situations Additionally, in their inflated faith in markets ability to correct their own mistakes, they fail to implement the financial and legal institutions that undergird and make a market economy possible Fi...Very good, and a must read for anyone interested in globalization from the point of view of the globalizers albeit a dissenting one , though obviously one should read books from the point of view of the common folk before this Unfortunately, this book is kind of a hit piece on the IMF which is where it shines, Stiglitz is hardly a socialist so his critiques areeffective , but Stiglitz worked for the semi rival World Bank, and he constantly is excusing the World Bank ...so last year i decided i was gonna get my feet wet in the world of economics and specifically development economics i read some stuff by theory types i was interested in anyway mike davis, david harvey , i read the shock doctrine, i read the end of poverty and i looked to paul krugman and others as the american financial system took a nosedive into the shitter globalization and its discontents is the best of the bunch so far it s really informative not to mention level headed, clea so last year i decided i was gonna get my feet wet in the world of economics and specifically development economics i read some stuff by theory types i was interested in anyway mike davis, david harvey , i read the shock doctrine, i read the end of poverty and i looked to paul krugman and others as the american financial system took a nosedive into the shitter globalization and its discontents is the best of the bunch so far it s really informative not to mention level headed, clearly written though dry ...A cogent critique of IMF s unhealthy obsession with pushing down inflation at any expense to debtor countries and the hypocrisy of developed countries in preaching free market fundamentalism to the developing world while keeping their own doors closed The author emphasizes on initiating and ensuring democratic discoursing in international institutions, calling for an end to behind the doors decision making that has been the norm so far The case is driven home by delineation of the economic cri A cogent critique of IMF s unhealthy obsession with pushing down inflation at any expense to debtor countries and the hypocrisy of developed countries in preaching free market fundamentalism to the developing world while keeping their own doors closed The author emphasizes on initiating and ensuring democratic discoursing in international institutions, calling for an end to behind the doors decision making that has been the norm so far The case is driven home by delineation of the economic crises that followed from IMF poli...Overall, the successful countries have pursued a comprehensive approach to development Thirty years ago, analysts of the left and right often seemed to agree that the improvement in the efficiency of resource allocation and the increase of supply of capital were at the heart of development They differed only as to whether those changes should be obtained through government led planning or unfettered markets In the end, neither worked Development encompasses not just resources and capital but Overall, the successful countries have pursued a c...It is very dull Almost feels as a history book Some insightful information regarding the IMF, but it is catered to people who know these topics.Generally a good description of the way in which IMF and US Treasury policies have played out in the developing world from the 1980s to 2002 Broadly speaking, these institutions have done their best to serve US and Western financial interests, rather than seeking a benevolent and mutually beneficial globalization, despite the IMF s mandate to promote international economic stability and growth Of course, one of the big problems with these policies is that they don t actually serve the interest Generally a good description of the way in which IMF and US Treasury policies have played out in the developing world from the 1980s to 2002 Broadly speaking, these institutions have done their best to serve US and Western financial interests, rather than seeking a benevolent and mutually beneficial globalization, despite the IMF s mandate to promote international...Lo fundamentalistas de la econom a dir n que la expansi n del capital, la privatizaci n y la liberalizaci n del mercado mundial son las respuestas a los desequilibrios del mercado sin intervenci n del estado La globalizaci n no es mala, porque es necesario el avance en pol ticas de cambios sustentables en una sociedad, Stiglitz el economista m s humanista de las dos ltimas d cada, clarificando con ejemplos que las crisis actuales y el empobrecimiento en crecimiento es gracias a los guardiane Lo fundamentalistas de la econom a dir n que la expansi n del capital, la privatizaci n y la liberalizaci n del mercado mundial son las respuestas a los desequilibrios del mercado sin intervenci n del estado La globalizaci n no es mala, porque es necesario el avance en...

English
12 September 2018

Joseph E. Stiglitz