Globalization and Its Discontents

In this book, Joseph E. Stiglitz critiques the management of globalization by international institutions such as the IMF, World Bank, and WTO. He argues that the policies pursued by these institutions, based on neoliberal assumptions, are fundamentally flawed and have led to economic disasters in various regions, including East Asia and sub-Saharan Africa.

Stiglitz advocates for a more nuanced approach to globalization, emphasizing the importance of national governance, gradual reform, and addressing market failures.

He also discusses the need for greater transparency and accountability in international financial institutions to promote equitable economic growth and reduce poverty.