El malestar en la globalizacion (Globalization and Its Discontents)

El malestar en la globalizacion (Globalization and Its Discontents)

by Joseph E. Stiglitz
     
 

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Joseph Stiglitz, a Nobel Laureate in economics, has been a first-hand witness of the devastating effect that globalization can have on the poorest countries of the planet. In this work he maintains that globalization can be a beneficial aspect and that its potential is the enrichment of everyone. He states that governments can and must adopt policies that support

Overview


Joseph Stiglitz, a Nobel Laureate in economics, has been a first-hand witness of the devastating effect that globalization can have on the poorest countries of the planet. In this work he maintains that globalization can be a beneficial aspect and that its potential is the enrichment of everyone. He states that governments can and must adopt policies that support the growth of countries in an equal manner, and must fulfill equitable and fair rules that take care of the poor as well as the powerful.

Editorial Reviews

bn.com
Joseph E. Stiglitz, winner of the 2001 Nobel Prize in economics and former chairman of the Council of Economic Advisers in the Carter administration, provides a unique insider's look at the ins and outs of global economic policymaking. Stiglitz discusses the significant economic events of the past decade, giving the reader a fascinating new perspective on globalization and where it is headed.
Publishers Weekly
Stiglitz, a Nobel Prize winner and Columbia University economics professor, sees globalization's unrealized potential to eradicate poverty and promote economic growth. In recent years, the International Monetary Fund, the World Bank and the World Trade Organization have promoted world financial stability, prosperity and free trade, yet Stiglitz wonders why so many revile these organizations' programs to the point of rioting in the streets. Casting a dispassionately analytical eye at East Asia's and Russia's financial turmoil, he argues that the IMF imposed austere policies that only exacerbated each area's problems. When he finds a similar policy pattern for other countries in crisis, Stiglitz asks how a public institution can ignore growing evidence of a flawed policy and not take action or be held accountable. In answering his own question, Stiglitz blames the "market fundamentalism" that endorses the view that a "free" market solves all problems flawlessly. As Stiglitz authoritatively indicates, one-size-fits-all economic policies can damage rather than help countries with unique financial, governmental and social institutions. He calls for public institutions to reform and become more transparent and responsive to their constituents. Stiglitz shares inside information from cabinet meetings when he served on Clinton's Council of Economic Advisers and from his years as chief economist at the World Bank, divulging debates in Washington's conference rooms, naming names and raising his eyebrows at those who refuse to question certain IMF policies' repeated shortcomings. This smart, provocative study contributes significantly to the ongoing globalization debate and provides a model of analytical rigor concerning the process of assisting countries facing the challenges of economic development and transformation. (June 10) Forecast: Stiglitz's impassioned, balanced and informed book is a must-read for all interested in understanding globalization. Professors, economists and students should respond to his author tour and national media interviews, making this a strong business seller. Copyright 2002 Cahners Business Information.
Criticas
Stiglitz, a professor at Columbia University, received the 2001 Nobel Prize in economics, having served previously as the chief economist at the World Bank and as a member of the White House Economic Council of Advisers during the Clinton presidency. An authoritative and captivating writer (he is a columnist for some of the world's leading newspapers, including the British Guardian and Spain's El Pais), Stiglitz explains often cryptic economic concepts in easy and familiar-but not simplistic-language. In this acclaimed discussion of globalization, he uses real-life examples, first-hand experiences, and impressive data to make the case that the International Monetary Fund has turned from the UN welfare watcher and helper that Charles Keynes envisioned into a blind, deaf, and greedy instrument of vested interests that has exacerbated poverty. Stiglitz, a pro-globalization capitalist, does not scream slogans. Instead, he proposes solid alternatives to IMF policy, and offers feasible solutions tested by first-hand case studies in Africa, Eastern Europe, Asia, and Latin America. Published in English in 2002, this book has been deservedly praised and has sold well in many languages worldwide. A long-lasting backlist title, it is a reader-friendly classic in economics, and one of the best and most thoughtful works available on a topic about which more is said than seriously argued. Highly recommended for academic libraries, bookstores, and public libraries with economics and politics collections.
—Patricia Arancibia, "Criticas" Copyright 2003 Reed Business Information.
Kirkus Reviews
An insider's account of the ill-considered effort to make a free market of the Third World, an effort that, described here, favors the rich and robs the poor. The title's echo of Sigmund Freud is shrewd, if a little misleading, for whereas Freud's great Civilization and Its Discontents was an encompassing look at the neurosis-making qualities of Western life, Stiglitz's confines itself to the workings of but two policy-making and -effecting organizations, the World Bank and the International Monetary Fund. This he does very well. Intimately acquainted with their work-he served as an economic advisor to the Clinton administration and as the World Bank's chief economist and senior vice president-Stiglitz charges that both organizations have abandoned their original missions. "The IMF was supposed to limit itself to matters of macro-economics in dealing with a country . . . and the World Bank was supposed to be in charge of structural issues," he writes, but, with the advent of the free-market-worshipping Reagan administration, both took an activist, even imperial view that demanded that developing countries throw open their doors to capitalism. The results were often disastrous as wealth and resources flowed out of such countries and into the hands of the First World, Stiglitz writes, particularly in the case of newly democratic Russia, which, he notes sadly, "must treat what has happened as pillage of national assets, a theft for which the nation can never be recompensed." Stiglitz's prescriptions for the establishment of a truly global but more equitable economy are unabashedly Keynesian and generally convincing. They include slowing the pace of capitalist expansion until developingcountries can adjust politically and socially to new financial systems, giving more and better aid to those countries, forgiving debt-and thoroughly overhauling the World Bank, IMF, and other instruments of development. Provocative, readable, and sure to earn Stiglitz persona non grata status in certain corridors of power.

Product Details

ISBN-13:
9788466368254
Publisher:
Punto de Lectura
Publication date:
04/15/2007
Series:
Ensayo (Punto de Lectura) Series
Edition description:
Spanish-language Edition
Pages:
464
Product dimensions:
5.00(w) x 7.50(h) x 1.10(d)

What People are saying about this

George Soros
A fascinating [and]... profound critique of global financial systems. Eminently readable. I could hardly put it down.
Juan Somavia
Whatever your opinions, you will be engaged by Stiglitz's sharp insights. A must read.
James K. Galbraith
This book is everyone's guide to the misgovernment of globalization. Stiglitz explains it here in plain and compelling language.
Nicholas Stern
He is one of the most important economists of modern times.

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