Globalization and its Discontents
Globalization and its Discontents by Joseph E. Stiglitz, published by National Geographic Books on November 28, 2017, offers a critical examination of globalization’s effects in contemporary society. This edition expands on Stiglitz’s earlier work, addressing the new challenges posed by globalization in the United States and Europe. The book highlights how institutions like the International Monetary Fund and World Bank have often failed to support developing nations, leading to significant economic disparities and political unrest in developed countries.
Readers will find a thorough analysis of globalization’s mismanagement and its consequences, including rising inequality and the emergence of protectionist movements. The book includes a new introduction, additional chapters discussing recent political developments, and an afterword reflecting on globalization’s trajectory since the original publication. With 336 pages, this accessible text delves into subjects such as economics, international trade, and economic development, making it a relevant resource for those interested in understanding the complexities of globalization today.
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An International Bestseller
“Accessible, provocative, and highly readable.” —Alan Cowell, New York Times
In this crucial expansion and update of his landmark bestseller, renowned economist and Nobel Prize winner Joseph E. Stiglitz addresses globalization’s new discontents in the United States and Europe. Immediately upon publication, Globalization and Its Discontents became a touchstone in the globalization debate by demonstrating how the International Monetary Fund, other major institutions like the World Bank, and global trade agreements have often harmed the developing nations they are supposedly helping. Yet globalization today continues to be mismanaged, and now the harms—exemplified by the rampant inequality to which it has contributed—have come home to roost in the United States and the rest of the developed world as well, reflected in growing political unrest.
With a new introduction, major new chapters on the new discontents, the rise of Donald Trump, and the new protectionist movement, as well as a new afterword on the course of globalization since the book first appeared, Stiglitz’s powerful and prescient messages remain essential reading.
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