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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 the knowledge.

Perspectiva sobre puntos clave que deben mejorar para hacer de la globalización un fenómeno mas favorable para todos, incorpora el gran conocimiento de Stiglitz sobre las organizaciones internacionales y el funcionamiento de los interés corporativos. de fácil lectura muy amigable para toda clase de lector

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 just dwell on the dreadful problems he outlines in such knowledgeable detail. He also offers remedies and reforms, though some seem quite idealistic for a notable economist who sees so clearly what has gone wrong. His book is densely packed with data, case studies and facts, but Stiglitz intersperses the dry material with thoughtful asides on the questions of morality and equity that globalization must answer. getAbstract finds that his book will enlighten readers about the challenges and consequences of globalization on humankind’s one and only planet.

Read more about this book in the online summary:
http://www.getabstract.com/summary/58...

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 in informal economies without formal rights and stuck at the margins of the global economy. Even in developed nations, some workers and communities have been adversely affected by globalization.

One very important point is brought out -- a change in mindset will be essential if we want to change the way globalization is managed. Almost all of us live in local communities and think (to an extraordinary degree) locally. It is natural for us to value a job lost at home far more than 2 jobs gained abroad. Americans keep accurate count of the number of US soldiers lost during war, but when estimates of Iraqi deaths, up to 50 times higher, were released, it hardly caused a stir. Torture of Americans would have generated an outrage, whereas torture by Americans seemed mainly to concern merely those in the anti war movements...
I think this is the hardest part to change about globalization. Even for me, it is hard to empathize with people who come from starkly different backgrounds, and my priority will always lie "nationally" and not "internationally" at the moment. But I do understand that in an idealized world, it has to happen. As the Declaration of Independence does not say, "all Americans are created equal," but "all MEN are created equal," I believe the Founding Fathers of America were concerned with the integration of all nations since the very beginning. As the richest nation in the world, United States does have quite a lot of responsibility in this issue. So does China, and India, and every other country in this world. But because this book focuses mainly on the states, I brought up the Declaration of Independence.

The best aspect about this book is that it offers solutions to problems. I will not go into detail here, but the topics discussed immensely in this book include fair trade, intellectual property, global warming, debt, arms, the global reserve system and multinational corporations.

For globalization to work, developing countries must also do their part. The international communtiy can help create an enviornment in which development is possible; it can help provide resources and opportunities. But at the end of the day, responsibility for successful and sustainable development rests on the countries themselves. I do not think in the near future that all countries will succeed, but I strongly believe that with the global social contracts described in this book, far more will succeed than in the past.

I recommend this book to everyone. I think everyone should know what is happening around them and somehow contribute and give back to the community (as in, not just locally, but also internationally). It's hard, that's why I am still thinking about the issue long after I finished reading the book, but it can surely be done. What haven't we been able to accomplish anyway?:)

Overall, an excellent read.

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.

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 principals. For example..."When crises occurred, the IMF lent money in what was called a "bail-out" -- but the money was not really a bail-out for the country; it was a bail-out for Western banks. In both East Asia and Latin America, bail-outs provided money to repay foreign creditors, thus absolving creditors from having to bear the costs of their mistaken lending." -- Sound familar?

Until the past couple of years, I was a pretty ardent, uncritical free-market extremist myself. I've come to realize that the world is more nuanced and complex, and that people like Joseph Stiglitz are helping us to understand both the problems and opportunities that come along in such a complicated, interrelated system.

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 his vitriol against the United States. He constantly accuses the USA of pushing developing countries around and structuring the rules in its favor, and violating them when necessary. He is a mainstream economist with a Marxist flavor. I just read a book about my native Taiwan's IT industry. Virtually all Taiwanese companies enjoy a complementary relationship with American ones. Thank God they don't get pushed around.

His proposals, taken together, are a bit too much. Ideas about giving innovators prizes instead of patents, restructuring debt and global reserves should be strongly considered. But he proposes a global judicial system that requires a level of sacrifice of American sovereignty that makes Americans, including myself, very uncomfortable. "Property rights aren't sacrosanct." Um....

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 for making globalization works, is based on the opinion that we only can work with the capitalist system.

He did surprise with some defense of the community-based approach, where he says that "what makes programs (such as BRAC and Grameen) so successful is that they come out of the communities that they service and address the needs of the people in those communities." (52) Unfortunately, this was a tiny section in his book and he focused more on how to fix globalization from a macro-economic point of view, and not so much how ordinary people can get involved.

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 this intelligence and connections wields his intellect and fame for the poor and impoverished against the forces of transnational corporations, their lobbyists, and their crony politicians and bureaucrats.

The book delivers both the science of economics and the machinations of the Western-controlled international institutions in simple yet direct language. It explains why and how this factors are corrupting and misdirecting the globalization process down an unsustainable path and provides logically reasoned solutions for our future. It also recognizes the power of Keynesian tools for overcoming the excesses of the market and he reiterates his studies of informational failures in free markets which lead to economic inefficiencies that result in market distortions. The work is a popular assault against corporate cronyism, Neo-liberalism, and Western hegemony.

An easy read and a necessary one for those interested in our future and the future of the Earth.

Truly regrettable to finish this book just now. Though it is still relevant but what makes this book so interesting is his ideas which are still fresh and not out of date at all. His experience at World Bank gave him enough inputs why some people are feeling discontent on how globalisation is progressing, how the developing countries are getting less than what they should and how the poor becoming the losers rather than the winners. His ideas to make a better world is truly worth listening to. He believe that globalisation is supposed to bring unprecedented benefits to all including the poor, developing countries and those who are less fortunate. He share his ideas how to do that and world leaders need to listen to him and take his advice should they want to be remembered as world greatest leaders.

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.