Erion Budo Globalisation Ã¯Â¿Â½Ã¯Â¿Â½ PAGE \* MERGEFORMAT Ã¯Â¿Â½1Ã¯Â¿Â½Ã¯Â¿Â½Ã¯Â¿Â½
Research about Joseph Stiglitz
Joseph E. Stiglitz, a former Yale, Princeton and Stanford professor, first as the chairman of Bill Clinton's Council of Economic Advisers and then as chief economist at the World Bank. After returning to academia with a position at Columbia, Stiglitz became one of three recipients of the 2001 Nobel Memorial Prize for his research on the economics of information. Stiglitz has emerged as one of globalization's most prominent critics.
His book "Globalization and Its Discontents" included sharp criticisms of international economic institutions. The book was hailed by globalization skeptics and hotly debated by economists, some of whom found his criticisms exaggerated, unfair and unduly personal. Still, the novelty of an eminent economist and former high-ranking public official making a passionate assault on the international economic order put Stiglitz at the center of the globalization debate. His new book "Making Globalization Work" extends the discussion of "Globalization and Its Discontents" but largely avoids the polemical tone.
Stiglitz won the Nobel for exploring how uncertainty and poor information can make markets fail. Here he takes evident pleasure in showing how an examination of incomplete markets can make corrective government policies desirable. He is hardly alone in believing that economic opportunities are not widely enough available, that financial crises are too costly and too frequent, and that the rich countries have done too little to address these problems. But he can be one-sided, as in his unstinting praise for East Asian development policies that often repressed labor and restricted democracy, and in his tendency to absolve developing-country governments of almost all blame for their problems. He is even weaker in his policy proposals. (Stiglitz, J. "Profile")
His book "Globalization and Its Discontents" writes about international economic problems, along...