Toward a Globalisation with a more human face

Joseph Stiglitz

As chief economist at the World Bank, Nobel prize-winner Joseph Stiglitz had a unique insider's view into the management of globalisation during the period 1997 to 2001. Now he speaks out against it in his book - Globalisation and Its Discontents.

He documents: how the International Monetary Fund (IMF) and the World Trade Organisation (WTO) preach fair trade yet impose crippling economic policies on developing nations; how free market 'shock therapy' made millions in East Asia and Russia worse off than they were before; and how the more advanced industrial countries have driven the global agenda to further their own financial markets and interests.

The contents of this article are listed below.
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Contents

• The Narrow Mind-set of the International Economic Institutions
• Change the voting rights in all the international economic institutions
• The New Agenda of the IMF - from bill collector of the G-7 to servant of the global financial markets
• What reforms are needed?

See also - The Role of Cooperatives in Globalisation