Making Globalization Work by Joseph E. Stiglitz Summary and Reviews
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Book Reviews of Making Globalization Work
Book Review: Creating Global Democracy
Summary: 4 Stars
Stiglitz is the Nobel prize-winning former chief economist of the World Bank and former chairman of President Clinton's Council of Economic Advisors. He has been directly involved in most of the institutions that form global economic policy. He is an international mover and shaker. He is also one of the highest ranking voices of dissent. His previous book "Globalization and its Discontents" chronicled the world-wide pervasiveness of far less rosy consequences of corporate-driven globalization than the pure market theories of the neoliberal "Washington Consensus" would allow. That book had a huge impact in all quarters on the global debate over the significance and future course of globalization, but it was mostly an indictment of what had gone wrong. "Making Globalization Work" contains Stiglitz's proposals for what needs to be done to make it go right.
Globalization, Stiglitz suggests, is neither inherently beneficial nor inherently harmful, but has led to devastating consequences for some due largely to gross mismanagement and manipulation by the corporate and political interests who fashion the rules of the game. Stiglitz calls for the democratic reform of global institutions such as the United Nations, World Trade Organization, International Monetary Fund, and World Bank so that the vested interests which currently control the institutions (first and foremost the United States) are no longer able to monopolize agendas and secure preferred outcomes at the expense of weaker nations. The terms of trade and global commerce should not only be made more equitable, they should be biased in favor of the poor nations until they develop enough to actually be able to compete in a fair and even exchange. This, Stiglitz says, will be the most effective means toward truly universal growth, prosperity, and stability. It will be difficult to get done. The reforms will not sit well with those who benefit from the biases of the current system.
The book is full of specific suggestions for policy reform in respect to international development, global commerce, intellectual property rights, global warming, multinational corporations, debt relief, a new global reserve system, and the democratization of global institutions. The basic premise is that, in the words of the Economic Social Forum, "Another World is Possible"-- a world in which the forces of globalization can be democratically and equitably managed to provide for a more stable, prosperous, and sustainable future for all.
Book Review: Great book about globilization
Summary: 5 Stars
I was glad to read a book about globilization that was written by an economist, not a journalist. When journalists tackle the issue, the information seems superficial and based on perception. This book, written by an expert economist, shows an indepth knowledge of economic forces that are not always obvious. For instance, he often talks about the effects of raising or lowering interest rates on loans to developing countries.
He mentions many problems that have plagued the progress of globilization and then proposes solutions. The first chapter is mostly an introduction to the problem. He then talks about economic development in developing countries and how it has failed. He also mentions problems with trade laws, the environment, the debt of developing countries, the power of corporations, patent laws, and the global monetary system.
This is a great book. The analysis is complex but understandable and he does not use that much technical jargin. It is comprehensive and really makes you understand the problem better. If you want to know about globilization from the perspective of an expert economist with academic and real-world experience, read this book.
Book Review: A strong force for change in the economic policy mainstream
Summary: 4 Stars
As a leading academic and economist at Bretton Woods and government locations the author is taking on the mainstraim economic establishment when he repeatedly and methodically points out the failures and shortcomings of market fundamentalism and the Washington consensus. This book is not on the vanguard of exploring the other world that is possible, but it is a crucial input to turning the tide in how many in positions of great power and influence think. Good reading for those who feel that the critics of globalisation just dont get the inherent power of the market.Book Review: Making globalization work
Summary: 5 Stars
As all of the Stiglitz books i've read, the last one has been the best.
It helps anybody to understand in the right way the dinamic transformation of our global life.
Thanks Dr Stiglitz
Erasmo Mar?n
Book Review: excellent read
Summary: 4 Stars
This was an awesome book, and I would recommend anyone who has an interest in economics to read it.