Joseph Stiglitz, the Nobel Prize-winning economist, has a new book out. And you should buy it — right away. Don’t wait for paperback; it’s that good. Making Globalization Work argues that globalization is one of the most vital issues facing us today, and makes a poignant case that we — citizens of the most economically powerful country in the world — have a special responsibility to understand and address it. So far, according to Stiglitz, the high hopes for globalization have been mostly vapor: “Today,” he writes, “globalization is associated with increasing inequality within most countries around the world, a global financial system that has led to crisis after crisis, and a complex trade regime that seems to leave as many losers as winners.” Yet Stiglitz doesn’t despair for the prospects of globalization; he believes that better, smarter international cooperation can reconcile the tenets of free trade with the ethics of fair trade in a mutually beneficial network of global economic exchange. Making Globalization Work is clearly written, trenchant, searing, and, ultimately, resoundingly hopeful about the future of globalization. He comes to UCSB’s Campbell Hall on Tuesday, October 10, at 10 p.m.
Originally published 11:32 a.m., October 4, 2006
Updated 5:06 p.m., December 18, 2006
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