Papers
May 8, 2009
The Overselling of Globalization
| Type | Book Excerpt |
|---|---|
| Author(s) |
Joseph Stiglitz University Professor Department of Economics Columbia University |
In this chapter, Joseph Stiglitz addresses the claim that globalization has failed to fulfill its promise of bringing greater prosperity to the third world. Rather than blaming globalization for this failure, Stiglitz claims that the mismanagement of globalization by the United States and by the IMF is at fault, while the potential of globalization remains promising. In assessing the governance of globalization, Stiglitz surveys the possibly negative impact of globalization on a broad range of issues, like soverign and global democracy, inequality, the global financial system and the power of national states.
This chapter originally appeared in Globalization: What's New, edited by Michael M. Weinstein, Columbia University Press, 2005, pg 228-261.
