Globalization and its Discontents | Study Guide

Joseph Stiglitz

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Globalization and its Discontents | Chapter Summaries


Chapter Summaries Chart

Chapter Summary
Preface Author Joseph E. Stiglitz describes his lifelong, extensive experience in economics and in applying his expertise to hel... Read More
Chapter 1 Globalization has had some positive effects. In some cases it has created jobs in developing nations and connected the n... Read More
Chapter 2 There is a stark contrast between the World Bank (WB) and the International Monetary Fund (IMF). Whereas the WB's dedica... Read More
Chapter 3 The liberalization policies the IMF imposes on debtor nations rarely, if ever, take into account information about a nat... Read More
Chapter 4 The Thai currency, the baht, collapsed in July 1997. Liberalization of Thailand's capital markets had led to enormous sp... Read More
Chapter 5 The Berlin Wall fell in late 1989 and by 1991 the Soviet Union had collapsed. Once the Soviet communist government and i... Read More
Chapter 6 The IMF and the U.S. Treasury turned a blind eye to corrupt Russian practices such as the "loans-for-share" program beca... Read More
Chapter 7 Different countries pursued different strategies in transitioning from a communist to a capitalist economy. Those that s... Read More
Chapter 8 The author contends that the IMF's failures result from its belief that what "the financial community views as good for ... Read More
Chapter 9 Globalization has brought benefits to developing countries, such as increased trade and better health care. Yet, it has ... Read More
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