Making Globalization Work by Joseph E. Stiglitz Summary and Reviews
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Book Reviews of Making Globalization Work
Book Review: sane but over optimistic
Summary: 4 Stars
Stiglitz reasons that most problems of globalization are related to exploitation of powerless or less powerful by the more powerful, specially US and to some extent Europe. He also blames international financial institutions like IMF for their dogmatic beliefs and resultant mismanagement of crisis in developing countries.
So far so good. The solutions proposed by Stiglitz are mainly moral appeals to the powerful to recognize their self interested pursuits and sacrifice for the poor to make the world a more fair and just place, which he asserts will make even the developed countries better off in the long run. Though he has indicated some efforts by east Asian countries to form institutions for self help, his appeal to reform global institutions depends squarely on the goodwill of developed nations.
The governments in all countries have their local voters to protect who naturally and, almost always, have a local point of view.It would be better if they all could think globally. But, how do we exhort them to think globally? Here, Stiglitz has missed the power of the reach of global media. Perhaps, the images of a immensely suffering poor can do more than rational appeals to make people think beyond their local interests.
I think he has also paid less attention to the changes which can be brought about by collective action of the developing countries.If Non Aligned movement can be rejuvenated, if the developing countries bargain collectively at world forums, if they can stand up to the threats by US
and Multi national corporations, may be they can tilt the balance in their favor.
However, this criticism is in no way intended to belittle the vast canvas of Stiglitz's project, his ability to judge the reasons of what plagues
globalization and courage to propose solutions which are sane and desirable but may not be to the liking of the powerful and take a very very long time to get implemented considering the basically self interested nature of human beings and nations.
I whole heartedly recommend the book to everybody interested in the well being of the poor of the world.
Book Review: Making Globalization Work
Summary: 4 Stars
Very informative, balanced, and well written discussion of globalization. Offers some good recommendations on making globalization work for more people. Unfortunately, Amazon was slow in shipping the book so I canceled the purchase of two other books. Book Review: Very good (though a bit repetitive) follow-on to his previous work
Summary: 4 Stars
Readers of Stiglitz's previous book, "Globalization and Its Discontents," will notice that he covers familiar ground, especially early in the book and in Chapter 8 (The Burden of Debt). He also gets into some new areas (such as global climate change) and provides more depth in areas previously addressed (such as international trade agreements and the global reserve system). His examples (some new, some updated) are instructive, facilitating his cogent explanations of complex interactions in global economic behavior. To pick just one area: If you've ever wondered about what goes on at meetings with names like the Uruguay Round, the Doha Round, etc., - and why you should care - then read pages 74-81.
There are good reasons why you should read this book whether or not you read Stiglitz's previous book. Everyone interested in globalization needs to study a variety of perspectives, and this book may be the most balanced treatment available from a well-informed globalization critic. I've seen many writings that offer plenty of hand-wringing and finger-pointing, some taking the position that "globalization must be stopped and reversed NOW!" However, Stiglitz recognizes that globalization has the potential to do a lot of good, and that its negative aspects are mostly due to the fact that it's been managed badly. As the reader can determine from the book's title, his aim is to suggest solutions, which is more than a lot of authors do.
Not everyone will embrace his solutions, which rely heavily on new and existing international institutions and, in some cases, a degree of socially responsible international cooperation that has never been achieved in human history. Still, such suggestions need to be heard and debated. The scope of our global problems is unprecedented, and global solutions are called for. The time has come to start thinking and functioning at a new level, and Stiglitz emphasizes this throughout the book.
The writings of economists generally are not known for their gripping style, but fortunately Stiglitz is an exception to the norm - this book did not put me to sleep like all of my old college economics textbooks. It ranks near the top in my growing collection of books on globalization.
Book Review: Great service
Summary: 5 Stars
My book was in great conditions and recieved it quickly. Would recommend to anyone to purchase from them and I would buy again from them.Book Review: How we should cope with each other
Summary: 3 Stars
Joseph Stiglitz continues with his thoughts from his book "Globalization and its Discontents". He describes his discontents with the process of globalisation. The globalisation provides the best way of connecting people with each other and from different countries. But he criticizes the way how the developed countries make this work. He wants an active part of the state in his view of globalisation, like it is common in Europe. His book gives the globalisation a more human view. Globalisation works only, if you get the economic growth and the employment aspects together and look for a stable policy. Globalisation does not mean a free market economy and a deregulated economy. The Washington Consensus is looking for this sort of globalisation. A low inflation rate and no capital controls are a synonym for this sort of policy. Globalisation means that you achieve a free trade with the poorer states and a better world trade organisation. He explains the theory of competition in practise. Lower trade barriers and trade related aspects of intellectual property rights are very good explained in this book. But I do not agree with his ideas about the oil sector. A second mayor aspect of globalisation is the global warming and the climate change. I thing the book opens the view to the soft skills of globalisation.