Review of Globalization and its Discontents

"Globalization and its Discontents", Joseph Stiglitz Allen Lane, Penguin 2002

This book, attacking the Bretton Woods institutions, has gained considerable publicity. The theme is that the International Monetary Fund, the World Bank and World Trade Organisation are serving not the interests of the global community and the third world in particular, but those of financiers, speculators, and the developed countries. The author, a winner of the Nobel Prize for economics, was chief economist at the

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