Making Globalization Work

In this collection of essays, Nobel laureate Joseph E. Stiglitz argues that the current trajectory of economic globalization is fundamentally flawed, creating instability and widening inequality. He critiques the dominance of free-market orthodoxy and the lack of democratic accountability in international financial institutions, asserting that markets require robust regulation to function justly. The book moves beyond diagnosis to propose specific policy alternatives, including restructuring the global financial system to manage debt crises, reforming trade agreements to ensure fairness, and integrating environmental sustainability into development strategies. Stiglitz’s writing is accessible and polemical, blending rigorous economic analysis with a moral imperative for social justice. He contends that globalization can only work if it is subordinated to political structures and ethical considerations that prioritize human welfare over raw capital accumulation.

Description adapted from Open Library ↗.