If you were first introduced to globalization via Tom Friedman‘s The World Is Flat, you may be interested to learn more about this wave of economics. Many point to the recent book by Joseph Stiglitz called Making Globalization Work. This is a follow-up to his 2003 book Globalization and Its Discontents.
Stiglitz is professor of economics at Columbia. He served as Chairman of President Clinton’s Council of Economic Advisers from 1995-97. He followed that appointment by serving as Chief Economist and Senior VP of the World Bank from 1997-2000. Stiglitz was one of three to receive the 2001 Noble Prize in economics.
He accurately addresses areas of economic globalization that continue to fail across the globe in shaping market opportunities of underdeveloped nations. Needless to say the real golden rule applies: He who has the Gold makes the rules.
