For such an original thinker, Joseph Stiglitz's latest book, Globalization and its Discontents, has a desperately unoriginal title. But you mustn't let the fact that amazon.com offers three other works with that title put you off reading this one. For Stiglitz has produced the first genuinely authoritative and compelling argument that globalization, at least as practised by the IMF and the World Trade Organization, is actually a bad thing for precisely those developing countries the multilateral organizations are meant to be trying to help.
July 01, 2002