GLOBALIZATION AND ITS DISCOUNTS STIGLITZ J. Księgarnia

Globalization and its Discontents

Globalization today is not working. It is not working for many of the world's poor. It is not working for much of the-environment. It is not working for the stability of the global economy

From a leader of the anti-globalization movement, a statement like this would not be remarkable. But coming from Joseph Stiglitz - former Chief Economist at the World Bank, former Chairman of President Clinton's Council of Economic Advisors and winner of the Nobel Prize for Economics - it is startling and challenging.

It is Stiglitz's extraordinary authority and experience that make this book so compelling. He argues that the West - acting through the International Monetary Fund and World Trade Organization has seriously mismanaged the processes of privatization, liberalization and stabilization, and that by following its advice many Third World countries and former Communist states are actually worse off now than they were before.

Stiglitz admits, 'It is the trade unionists, students, environmentalists and ordinary citizens marching in the streets of Prague, Seattle, Washington and Genoa who have put the need for reform on the agenda of the developed world.' But he does not take a simplistic pro or anti globalization stance. Instead, he confronts us with the often difficult realities of the world. He states just what he believes the market can be trusted to do and which responsibilities government must not hand over to it.

Stiglitz also offers real - though tough -solutions; solutions which involve a substantial shift in the balance of influence between the developed and developing world. In so doing he addresses some of the most pressing concerns of our age.

Joseph Stiglitz was Chief Economist at the World Bank until January 2000. Before that he was Chairman of President Clinton's Council of Economic Advisors. He is currently Professor of Finance and Economics at Columbia University. He won the Nobel Prize for Economics in 2001.

270 pages

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