GLOBALIZATION and its Discontents, written by Nobel Laureate in Economics and former World Bank chief economist Joseph Stiglitz, provides the reader a first-rate expose on the impact of globalisation on developing countries.
Stiglitz begins with the premise Globalisation is neither good nor bad. It has the power to do enormous good, and for the countries in East Asia which have embraced globalisation under their own terms, at their own pace, it has been an enormous benefit, in spite of the setback of the 1997 crisis.