52 pages • 1 hour read
Globalization and Its Discontents
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Book Brief
304
Book • Nonfiction
Global • 1990s to 2000s
2002
Adult
18+ years
Super Short Summary
Globalization and Its Discontents by Joseph E. Stiglitz critiques the IMF's policies from the 1970s to the early 2000s, arguing that its market fundamentalism has destabilized and stunted the growth of developing economies. Stiglitz uses his experience as a World Bank senior vice president to offer a detailed analysis of the IMF's shortcomings and proposes reforms to make globalization a more constructive force for global economic stability.
Informative
Challenging
Contemplative
Unnerving
Emotional
Reviews & Readership
8,510 ratings
Loved it
Mixed feelings
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Review Roundup
Joseph E. Stiglitz's Globalization and Its Discontents has received significant acclaim for its critical insights into the flaws of global economic policies and institutions. Praised for its clarity and thorough analysis, the book is also critiqued for occasional bias and oversimplification. Notably, it engages readers in crucial debates about globalization’s impact, making it an essential yet sometimes contentious read.
Who Should Read Globalization and Its Discontents?
A reader who would enjoy Globalization and Its Discontents by Joseph E. Stiglitz is typically interested in economics, international relations, and critiques of neoliberal policies. Comparable works include Naomi Klein's No Logo and Thomas Piketty's Capital in the Twenty-First Century. These readers favor in-depth analyses and critical perspectives on global economic systems.
8,510 ratings
Loved it
Mixed feelings
Not a fan
World Bank
World Bank
Originally established to aid in the reconstruction of Europe post-World War II, it takes on a broader mission to assist transitioning economies and address structural economic issues, where Stiglitz served as chief economist.
International Monetary Fund (IMF)
International Monetary Fund (IMF)
Founded to maintain global economic stability, it operates under Keynesian principles but has been criticized by Stiglitz for its market fundamentalism and lack of transparency in decision-making.
John Maynard Keynes
John Maynard Keynes
An influential English economist whose theories on government intervention in markets inform the foundation of the IMF, and are central to Stiglitz's critique of how far the institution has strayed from these ideas.
304
Book • Nonfiction
Global • 1990s to 2000s
2002
Adult
18+ years
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