Making Globalization Work
filed in Work on Jan.23, 2010
- ISBN13: 9780393330281
- Condition: NEW
- Notes: Brand New from Publisher. No Remainder Mark.
Product Description”A damning denunciation of things as they are, and a platform for how we can do better. “–Andrew Leonard, Salon Four years after he outlined the challenges our increasingly interdependent world was facing in Globalization and Its Discontents, Joseph E. Stiglitz offered his agenda for reform. Now in paperback, Making Globalization Work offers . . . More >>
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January 23rd, 2010 on 11:25 pm
If people of influence and those aspiring to such a position want to ensure that the poor stay poor and wilful manipulation of trade is the norm, this book by Joseph E. Stiglitz is the one to read, to know how to maintain this inequality. Terminology abounds which panders to the common misunderstanding of such things as fairness, monopolies, natural resources and wealth, for example. He also has an annoying habit of telling us about what is bad, is going to suggest some remedy, and then skips on to the next thing to criticise.
Natural resources are, by and large, simply the raw material basis from which products are manufactured using capital and intellect in order to create things of value and subsequently wealth through trade. Crude oil and metal ores which are the significant natural resources are of scant direct value to most purchasers. Even crops such as wheat and bananas require much capital and labour inputted into their production and distribution, etc. , to be of any significant value to the overall economy of a country.
There is no such thing as a private monopoly. Only a government has the ability to create and maintain a monopoly since government is the sole legitimate power which can use force and the law to prevent others from trading in the market. Microsoft is a favourite to cite, but this is totally wrong since Microsoft can not use force or the law to make computer users use their software or prevent the use of alternatives such as Linux or FreeBSD, for example.
The only fairness that is meaningful in a global economy is the freedom of opportunity which the abolition of trade barriers, government subsidies and regulation, the free movement of people across the globe and the implementation and recognition of private property rights enables. This would also have to include no government printing or minting of money, and central banking would have to be done away with, too, with private banks taking on this role. The private banks would be limited by a return to the gold standard with no fractional reserve banking permitted Simply citing example after example of how the current norm must be further regulated by tribunals and of-the-moment political expediencies such as environmentalism is of no value whatever.
For a proper understanding about what will work in a globalized economy, I would recommend: ‘Capitalism: A Treatise on Economics by George Reisman’
Rating: 2 / 5
January 24th, 2010 on 1:09 am
My book was in great conditions and recieved it quickly. Would recommend to anyone to purchase from them and I would buy again from them.
Rating: 5 / 5
January 24th, 2010 on 3:54 am
This book is extremely boring and very subjective. If you are looking for an objective well written easy to read book on globalization and the dynamics of our world economy then this is not the book for you. Lots of biased opinion. Also Stiglitz tends to be a master of the obvious at times regarding global economic issues. Nothing new here and no real new going forward insight.
Rating: 1 / 5
January 24th, 2010 on 4:08 am
Solid, academic, and a fairly optimistic view of the world.
Rating: 3 / 5
January 24th, 2010 on 4:32 am
Very informative, balanced, and well written discussion of globalization. Offers some good recommendations on making globalization work for more people. Unfortunately, Amazon was slow in shipping the book so I canceled the purchase of two other books.
Rating: 4 / 5