Making Globalization Work

Joseph Stiglitz outlines specific policy reforms designed to rectify the imbalances between developed and developing nations. He argues that the current international trade regime favors wealthy countries through intellectual property protections and agricultural subsidies while leaving poor nations burdened by debt. The text details frameworks for managing global natural resources, reforming the international reserve system, and establishing environmental standards. Stiglitz analyzes the failures of the Washington Consensus and proposes a model where international institutions prioritize democratic transparency and sustainable development over narrow market liberalization.

This book serves economists, policy makers, and students of international relations who require a technical roadmap for institutional change. Readers gain an understanding of how trade agreements impact national sovereignty and poverty levels. The book provides the analytical tools needed to evaluate the World Bank and IMF’s influence on global stability. Professionals in the finance sector read this to grasp the risks inherent in unregulated capital flows and to identify the structural adjustments necessary for a more stable global market.