Making Globalization Work
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Making Globalization Work

3.8 of 5 stars 3.80  ·  rating details  ·  1,012 ratings  ·  82 reviews

“A damning denunciation of things as they are, and a platform for how we can do better.”—Andrew Leonard, Salon

Four years after he outlined the challenges our increasingly interdependent world was facing in Globalization and Its Discontents, Joseph E. Stiglitz offered his agenda for reform. Now in paperback, Making Globalization Work offers inventive solutions to a host of...more
Hardcover, 384 pages
Published September 17th 2006 by W. W. Norton & Company (first published January 1st 2006)
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erich
fuck this "who would you recommend this book to?" shit. i want everyone to read everything that i've read so i dont have to hold their hand with basic shit everytime i open my mouth. this book illuminates a lot of the complicated systems of global economics and trade, as well as the politics surrounding them, in a very accessible and engaging style. im not saying everyone needs to make a pilgrimage to the world bank or something, but this shit affects all of us, whether you have money or not. do...more
Briynne
Great book, reminds me of my friend Ann Church (hello Ann!) who, as it happens, is a socially responsible economist much like Joe Stiglitz. I really like econ when it mixes with international political theory, although I can't say the same for it when it consists of irritating complex supply and demand curves. The author does a really good job saying some pretty tough things without sounding like he thinks the IMF/WB are inherently evil or run by Satan. I think his stance on finding a more reaso...more
Kevin
There are harder-hitting and ideologically better books out there on neoliberal globalization, though Stiglitz’s status as a respected international economist and former chief economist of the World Bank raises the hope that his body of work will bring critiques of neoliberalism to new audiences. While at times Stiglitz seems to be bending over backwards to save capitalism from itself, instead of proposing alternatives to it, he does suggest important reforms that could better the lives of billi...more
Beth
Another important book to be read by anyone who wants to be an informed citizen. Easily read by the average layperson. This book is now 2 years old though and I would love it if Mr. Stiglitz would print an update letting us average people know if any of his reforms are being implemented.
The reason I didn't give it five stars is because the last two chapters got a tad boring for me. Also I was a little frustrated because as I read I kept thinking, "How can we ever accomplish the reforms he is pro...more
Nelson
I'm gonna need prozac if I read another Joseph Stiglitz book. I loved his first globalization book, which was a polemic against the IMF. Combining intellect with passion, this ultra-Keynesian stood up for the little man. A Nobel Prize winner in economics, he is among the few economists who recognized that industrial policies in Taiwan and Korea worked. He gave a measured critique of the USA, focusing on special interests in the USA instead of the US per se.

In this volume, he blew the lid off hi...more
Alex Hui
A splendid book on hidden agendas in the course of globalization. It unveils the impediments and hypocrisies of globalization, and proves that it is not entirely equal in its nature with the current political institutions. The economics and rationales of many whys that globalization is not working are well explained.

The book points out that wealthy countries, with its political and economic mights, are steering globalization in favour of them. Poor countries, on the other hand, often fall into...more
Carolynn
Too much like an Intro to Development class, could not get past the first couple of chapters to find anything new. I know Joe has more to say, but its not in this book.
Elma Jenkins
Yup, great insight from a top ex world banker into how the economy can change, positive and practical without missing a beat.
Nicolette
Wonderful book - I highly recommend everyone to read this text as an Intro to Globalization Studies, or at least to familiarize one's self with the issues that currently surround and plague our world today.

The text was written very clearly and in plain language, although some parts were particularly dry for me; however, it did open my eyes to some issues (both in broad and great) detail that I have not come around to 100% familiarize myself with yet.

I think that the author's ideas are a bit am...more
getAbstract
getAbstract Book Review: Making Globalization Work

Just about every major gathering of world leaders draws determined, often violent, protests against globalization. If you wonder why, Joseph E. Stiglitz’s book explains ample reasons. The Nobel Prize-winning economist follows up his 2002 book, Globalization and Its Discontents, with further analysis of pressing economic, political and environmental concerns, and the conflicts they engender between developing and developed countries. He doesn’t j...more
Tyler
Thought it was a great book. Stiglitz is a great writer and knows how to make an argument. He carefully and logically follows a pattern of identifying problems, much of which were discussed in his first book "Globalization and its discontents", and follows it up with his ideas of how to fix the problem. He lets his reader know exactly what the problems are and precisely how to correct them. I share many of his same views on the various problems confronting the current global financial and econom...more
Pulakesh
Skewed globalization dominated by the selfish interests of developed nations led by the United States has always been an area of concern. Joseph Stiglitz tries to remove the stigma associated with the concept of globalization as a whole, while attacking the roots of the skewed globalization of today. Here he offers certain remedies to make globalization work better.

Stiglitz, as usual, is at his best exhibiting how unfair globalization has been till date, yet this book follows a novel approach of...more
Christopher
In the past decade or more economists and international observers have gone ga-ga over the perceived benefits of globalization. Mr. Stiglitz shows in this book how this mad euphoria over globalization in recent years has actually produced both winners and losers in the global economy as globalization, as it has been presently managed, has tended to favor the interests of the developed world over the interests of the developing world. Over the course of ten chapters, Mr. Stiglitz points to the fa...more
Nathan
Stiglitz is the Nobel prize-winning former chief economist of the World Bank and former chairman of President Clinton's Council of Economic Advisors. He has been directly involved in most of the institutions that form global economic policy. He is an international mover and shaker. He is also one of the highest ranking voices of dissent. His previous book, Globalization and its Discontents, chronicled the world-wide pervasiveness of far less rosy consequences of corporate-driven globalization th...more
Ken
Well worth reading.

Stiglitz has a great vision of what is necessary to make globalization work better for both the developed AND developing worlds; not everyone (read: corporate interests and pure free-market types) will agree with his ideas, but the recent traumas within the international finance system give his recommendations new power.

In fact, the chapter on debt could practically be re-submitted as a indictment of our current problem, with just some cut-and-pastes of some of the principal...more
Kevin Christensen
This review has been hidden because it contains spoilers. To view it, click here.
Simon Wood
AN ECONOMIC EDUCATION

In his latest book "Making Globalization Work", Joseph Stiglitz, chief economist at the World Bank until January 2000, has come up with a series of suggestions for reforming the global economy in the interests of everyone.

Stiglitz's book consists of an introductory chapter ("Another World is Possible") plus 9 other chapters, each dealing with a particular facet of the global economy: Development, Fair Trade, Patents, Primary Resources, the Environment, Multinationals, Debt...more
Jamie
Globalization has the power to improve overall living standards and reduce poverty in developing countries, only if developed countries are willing to commit unselfishly to the cause. What is needed is the vision to accept our shared future path, and the action to allow all countries to stand on a common platform.

There is a need to place emphasis on transforming the lives of people, not by focusing on the advancement of narrow functions (eg. primary education attainment), but by improving broad...more
Infini


Making Globalization Work
by Joseph E. Stiglitz has been an eye opener for me. I'm still working my way through it, but Prof. Stiglitz' introduction, his preface and the friendly style he uses to share his background, his reasons for writing this book and what it means not just to him but to all of us, made me wish very much that he had a blog. He writes for the reader, conversationally, sharing his opinion in a highly personalized way that makes one feel that he's talking just to you. [audio li...more
Noel
A fascinating book indeed. Some of the ideas presented are truly revolutionary. I learnt a lot about TRIPS and how damaging it is to innovation in addition to development.

I enjoyed Stiglitz's idea of imposing countervailing taxes on the US in response to the "subsidies" it is giving its corporations by not acting on global warming. It was quite extraordinary and it might just work.

Furthermore, I think that his proposal of using Green NNP (Net National Product) instead of the traditional GDP (G...more
Gregg Wingo
This is definitely Stiglitz Lite or "How Can I Make a Book like 'The World Is Flat'?" While cynics will see this work and his others like this as a grab-for-cash, it is actually an important step for the author and for the future of our globalized society. In a time when austerity has captured Europe and been forced upon the developing world by the IMF it is important that the author takes a public stance against anti-Keynesian and Neo-liberal voodoo economics. It is also critical that a man of...more
Katherine
This book brought me back to my days of graduate studies and reading academic texts about the big theories of international relations and global political economy. It's good to know that the terms have become more familiar with me and I can get the sense of what his argument is.

He is very much a part of mainstream economics and the book is based on the assumption that the capitalist system is the only way for the global economic model, in spite of his criticism of it. Therefore, his argument fo...more
Mayank
For anyone who has read any of Stiglitz's work before it would come as no surprise that it can be at times trying and difficult to comprehend especially if one doesn't have a background in economics. However Making Globalization Work is very accessible and informative to anyone that comes across it, no matter what your educational background or choice of interesting readings may be. This book provides insights to issues on such things as the economies of the world, environmentalism, and the role...more
Scott Miles
I won't assign a rating. Sorry Franz, but this book and I just do not gel. I tried to approach this objectively but the notes of bias I detected in the first couple chapters are just too much and I want my reading to be enjoyable, not something that raises my blood pressure! Examples you ask? It probably wouldn't take me too long, but I just don't have the energy for that right now!

I fully recognize that the bias is just as much mine as Stiglitz's, but I'm too old to be convinced otherwise now....more
Joseph
As a social science educator, I spend a great deal of time reading about economics and the process of globalization. Stiglitz' book is among the most accessible that I've read in the past few years. While I don't agree with him on several points, there is no denying that Stiglitz is attempting to bridge the gaps between the agendas of liberals and conservatives, non-capitalists and big business, to further the discussion of how to "make globalization work." I found the chapters concerning the re...more
Fred Rose
"The Nobel Laureate's take on globalization. He advocates a more balanced view than just focusing on GDP and having the government take a more active role than purely market driven. He advocates positions that are much more favorable to the developing economies than some of the current positions of the WTO, IMF and World Bank (none of which he seems to like much). It's really a macro economics view, a lot on trade deficits, reserves, etc. but I liked the book, in that it did provide a view that...more
Robert
Wide-ranging discussion of the various ways that the decks are stacked against the developing world. Stiglitz suggests various ways to improve the situation. I think his strongest points are around closing the democratic deficit with institutions like the World Bank and the IMF. The weakest involve creating new courts and organizations - it seems that this would decrease transparency and create more opportunities to game the system. His argument boils down to saying that the developed world shou...more
Emily
Stiglitz is not an amazing writer, and some of his suggestions seem less realistic than others, but this is a valuable practical exploration of how and why the past policies of the IMF and some affluent nations (esp the US) failed to bring about the anticipated growth, and of ways to minimize the negative repercussions of globalization while maximizing the benefits, especially for the poorest of the world's population. Reading this reminded me of how disappointed I am that Obama chose Larry Summ...more
Justine
Nobel Laureate Joseph E. Stiglitz makes my shortlist of astute, highly respected and world renowned economists/ commentators cum great communicators.

I thoroughly enjoyed this book, finding it most easy to read while still packing a potent punch in highlighting constraints which hamper wishful benefits of globalization.

As the study of macroeconomics goes, unless one can control ALL contributing factors or externalities (i.e. competing political loyalties, interests, ideology; ridiculous compromi...more
Lianne
This book was recommended to me by my issue coordinator for a magazine I contribute to. Stiglitz does an amazing job in present economic theories and terms without bogging the reader down with complex terminology and examples. As a person who never took a course in economics, I greatly appreciated how accessible the material was. This book is especially insightful if you're into globalisation and politics of development but there are concepts in this book that is also applicable to other geopoli...more
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Joseph Eugene Stiglitz, ForMemRS, FBA, is an American economist and a 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 also the former Senior Vice President and Chief Economist of the World Bank. He is known for his critical view of the management of globalization, free-market economists (whom h...more
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“Development is about transforming the lives of people, not just transforming economies.” 24 likes
“I became convinced that the advanced industrial countries, through international organizations like the International Monetary Fund (IMF), the World Trade Organization (WTO), and the World Bank, were not only not doing all that they could to help these [developing] countries but were sometimes making their life more difficult. IMF programs had clearly worsened the East Asian crisis, and the "shock therapy" they had pushed in the former Soviet Union and its satellites played an important role in the failure of the transition.” 3 likes
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