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Making Globalization Work

3.84  ·  Rating details ·  1,810 Ratings  ·  113 Reviews
Building on the international bestseller Globalization and Its Discontents, Joseph E. Stiglitz offers here an agenda of inventive solutions to our most pressing economic, social, and environmental challenges, with each proposal guided by the fundamental insight that economic globalization continues to outpace both the political structures and the moral sensitivity required ...more
Paperback, 400 pages
Published September 17th 2007 by W. W. Norton Company (first published January 1st 2006)
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Apr 10, 2007 rated it liked it  ·  review of another edition
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
Nov 11, 2009 rated it liked it  ·  review of another edition
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
Lady Clara
Nov 19, 2016 rated it really liked it  ·  review of another edition
I was surprised by this book. Stiglitz is an American who has worked for the American government, yet he criticizes the United States for most of the globalisations negative effects. Having this book as course literature was a good choice - for a commoner like me, Stiglitz explains globalisation with words I easily cab understand. Many examples are used too. But I missed a culture insight, since I only got to read about economy and politics. Culture is also a big deal, but it's understandable th ...more
Jan 03, 2012 rated it really liked it
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
Mark Oppenlander
This is essentially a sequel to "Globalization and Its Discontents," which I read and reviewed earlier this year. But whereas the first volume was basically a descriptive catalogue of complaints, wherein Stiglitz highlighted the myriad places where he disagreed with the implementation of global economic strategies by both the International Monetary Fund and by his former World Bank colleagues, this book is more prescriptive. Here, Stiglitz actually discusses the policies and strategies he thinks ...more
Mar 04, 2008 rated it really liked it  ·  review of another edition
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
Ella Chan
Jun 09, 2014 rated it it was amazing  ·  review of another edition
For me, an inspiring book is one that leaves the reader thinking about it long after he/she has finished the book. I feel the same way for movies. Not a lot of books have had that effect on me, but undoubtedly, this book has.

Without question, Joseph Stiglitz is in support of globalizaion. But obviously this current process of globalization has not been purely positive. Wealth is being created, but too many countries and people are not sharing in its benefits. Developing nations are still stuck
Aug 01, 2008 rated it really liked it  ·  review of another edition
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
Jan 10, 2014 rated it really liked it
Shelves: globalization
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
A lot of good points about how globalization has been terribly implemented and ways to fix it. Ways that it would take a whole series of miracles--or disasters--to get the international community in general, and the US in particular, to sign onto.

Also, and perhaps understandably give that the book is a few years old now, there's no mention of the likely effects of automation, which even mainstream news outlets are waking up to now.
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.
María Paz
Feb 05, 2018 rated it it was amazing  ·  review of another edition
Shelves: own
I loved this book. Stiglitz words I think have proven to be true today given globalization is still badly adressed. A nationalist backlash has been seen in the latest elections, the USA the greatest example (and disaster). The book goes point by point explaining what is wrong and what can be done to make globalization work, with two main goals, eliminate poverty and taking care of the environment. What I take for an starting point here is the responsibility of us as voters. We need to start elec ...more
Mar 18, 2018 rated it really liked it  ·  review of another edition
I read this book...somewhere between 2006 and 2008. I know this not because I remember reading it, but because I definitely notated in the margins. I wonder how many other books I’ve read and then forgotten.....

Regardless, Stiglitz is an important voice in economics, politics, and world affairs. Read something he’s written because it’s good for you. Recommended.
Wim Schalenbourg
Mar 13, 2018 rated it really liked it  ·  review of another edition
Shelves: development
Very readable book about what is going wrong in global development (poverty, climate, inequality, etc.) and how we could do better. Insightful, especially on trade imbalance, debt, intellectual property and transnational companies and how they prevent a just globalization.
Stephanie Cannon
Stiglitz does a great job explaining the problems with globalization in detail. However, his solutions are too broad to really influence policies.
Josiah Lau
Jul 29, 2017 rated it it was amazing  ·  review of another edition
Wish I had read this back in JC. 10 years too late.
Stan Murai
Jul 30, 2016 rated it really liked it  ·  review of another edition
Joseph Stiglitz, a former World Bank Chief Economist and
Nobel Prize winner, argues that globalization is failing
for some 80 percent of the world's population that lives
in developing countries and the 40 percent that lives in
poverty. Yet so many economists and world leaders believe
that globalization is supposed to create higher living
standards through increased access to foreign markets,
more foreign investment and open borders. In his earlier
work Globalization and its Disconntents, Stigli
Justin Tapp
Jan 12, 2014 rated it it was ok

Nobel winner Stiglitz's first book , Globalization and Its Discontents made a huge impact on me when I worked overseas, it definitely motivated the direction I took with my studies. I'll always remember sitting in Azerbaijan one night reading it and looking up at the TV to see Stiglitz being interviewed by a Baku station about his book-- he was visiting the country. That was one of those really weird coincidences that you feel have to be from God.

This is his follow-up book that, sadly, is not as
Kevin Vejrup
This review has been hidden because it contains spoilers. To view it, click here.
Jan 01, 2017 rated it it was amazing  ·  review of another edition
Shelves: non-fiction, economy
Buku ini benar-benar membuka mata saya. Banyak hal baru yang saya pelajari. Paling utama tentu saja aspek ekonomi globalisasi, yaitu ekonomi makro dunia. Baru tahu begitu cara bekerja dunia keuangan global.

Tapi Stiglitz tidak hanya bicara ekonomi. Dia juga mengajak kita diskusi aspek global dari keadaan di dunia ini, dimulai dari dua polarisasi forum global, Forum Ekonomi Dunia di Davos, Swiss; dan Forum Sosial Dunia, di Mumbai, India. Dua kubu ini membahas efek globalisasi dari dua titik pandan
Feb 16, 2013 rated it really liked it
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
Simon Wood
Aug 26, 2013 rated it it was amazing  ·  review of another edition

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
Mar 06, 2012 rated it liked it  ·  review of another edition

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
May 05, 2017 rated it liked it
A Keynesian critique of neoliberal globalisation. Stiglitz's persistent reformism, as alluded to in the title, distracts from his intriguing quantitative/historical argument.

The fundamentally capitalist basis of Stiglitz's argument can be seen in his locution. "Success" to Stiglitz is metonymous to "profitable." Like with Naomi Klein, "capitalism" is not discussed but "neoliberal capitalism" or "Washington Consensus capitalism" is.

While there is coverage of environmental worries, it's not emphas
May 24, 2011 rated it really liked it
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
Gregg Wingo
Jul 20, 2012 rated it really liked it  ·  review of another edition
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
Jan 20, 2014 rated it liked it  ·  review of another edition
Shelves: economics
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
Aug 06, 2008 rated it really liked it  ·  review of another edition
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
Sep 03, 2010 rated it really liked it  ·  review of another edition
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
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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.” 49 likes
“Overborrowing or overlending? Lenders encourage indebtedness because it is profitable. Developing country governments are sometimes even pressured to overborrow ... Even without corruption, it is easy to be influenced by Western businessmen and financiers ... Countries that aren't sure that borrowing is worth the rist are told how important it is to establis a credit rating: borrow even if you really don't need the money.” 5 likes
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