Globalization and Its Discontents

The SQUEEZE: Joseph Stiglitz’s Globalization and Its Discontents is an indictment of the global economic policies of various organizations which include the International Monetary Fund, the World Trade Organization, and the World Bank. Stiglitz incorporates his personal experience into the book, highlighting his tenure as chairman of the Council of Economic Advisers under the Clinton Administration from 1993. Stiglitz also gives attention to his role as chief economist at the World Bank. It is during the period from 1997 where Stiglitz becomes disillusioned with international institutions, arguing that the organizations failed to support the interests of impoverished and developing nations. It is Stiglitz’s belief that IMF policies are based in part on neoliberal assumptions and that they contributed to multiple financial crises in East Asia and Argentina. Globalization and Its Discontents is a must-read for U.S economy critics.

Notable Endorsement: “[Stiglitz's] rare mix of academic achievement and policy experience makes Globalization and Its Discontents worth reading.” –Michael J. Mandel BusinessWeek

Common Q’s Answered by this Book:

  • What is globalization?
  • What is the Council of Economic Advisers?
  • What is the IMF?
  • What are non-governmental organizations?
  • What is privatization of state assets?


About the Author: Joseph Stiglitz is a Nobel laureate, an American economist, and a professor of Columbia University. Stiglitz is the recipient of the Nobel Memorial Prize in Economic Sciences (2001) and a recipient of the John Bates Clark Medal (1979). He served as the senior vice president and chief economist of World Bank and is a former member of the Council of Economic Advisers. Stiglitz is primarily renowned for his views on globalization management, free market economics, and the International Monetary Fund (IMF). For more information, visit:


Book Vitals:

  • Publisher: W. W. Norton & Company (April 2003)

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