Globalization And Its Discontents

Joseph Stiglitz

Non-Fiction

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Globalization and Its Discontents is a book that offers readers everything that they want to know about globalization. It shows how what was meant to be a globally integrated economy that would benefit all the nations that were part of it, has actually turned out to be a highly criticized idea. All of the places where globalization has failed have voiced their feelings of discontentment, which have been steadily increasing in number too. This is what the book is about. The book refrains from taking an anti-globalization stand but instead chooses to highlight many reasons why globalization failed to live up to the expectations of people in certain parts of the world where globalization policies failed to bear fruit. All of the factors that brought about the failure of globalization have been described in detail. In the book, globalization is in itself not considered to be a bad idea as it brings the necessary funding to countries that are in severe want.

Joseph Stiglitz

Joseph Stiglitz (born February 9, 1943) is an American economist and public policy analyst, who is University Professor at Columbia University. He is a recipient of the Nobel Memorial Prize in Economic Sciences (2001) and the John Bates Clark Medal (1979). He is a former senior vice president and chief economist of the World Bank and is a former member and chairman of the (US president's) Council of Economic Advisers. He is known for his support of Georgist public finance theory and for his critical view of the management of globalization, of laissez-faire economists (whom he calls "free-market fundamentalists"), and of international institutions such as the International Monetary Fund and the World Bank.