Globalization and Its Discontents (book)

"Globalization and Its Discontents" by Joseph Stiglitz examines how the global economic system, driven by institutions like the IMF and World Bank, often favors wealthy countries at the expense of poorer nations. Stiglitz criticizes policies that prioritize free markets and austerity, arguing they can harm economic growth and increase inequality. The book highlights how these practices can destabilize economies and leave vulnerable populations worse off. Overall, it offers a critical perspective on globalization’s impacts, emphasizing the need for fairer, more inclusive economic policies that support development and reduce disparities worldwide.