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This powerful, unsettling booklet gives us a unusual glance behind the closed doorways of global finance institutions by the winner of the 2001 Nobel Award in Economics. When it was first published, this countrywide best-seller quickly became a touchstone in the globalization argument. Renowned economist and Nobel Award winner Joseph E. Stiglitz had a ringside seats for the majority of the major monetary happenings 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 noticed the International Monetary Account and other major institutions put the passions of Wall Neighborhood and the financial community prior to the poorer nations. Those wanting to understand why globalization has engendered the hostility of protesters in Seattle and Genoa will find the reasons here. While this booklet includes no simple formula on how to make globalization work, Stiglitz provides a reform agenda that will provoke argument for a long time to come. Rarely do we get such an insider's research of the major institutions of globalization such as this penetrating booklet.
