Joseph Stiglitz: Making Globalization Work

Nobel Prize-winning economist Joseph Stiglitz speaks about his book “Making Globalization Work”. This is a very good book I’ve read lately, and it is an important book. Many people might doom globalization for making the poor countries worse off, only making the rich countries richer. But that is not true. Unlike almost anything else that has happened in the past 50 years, globalization has provided great means for people to communicate, colaborate and help each other. If the fruits of globalization haven’t arrived in many poor countries yet, that’s not the fault of globalization itself. It is due to poor political systems and poor leadership in those respective countries. It is because of corrupt politicians in Africa, for example, who do their best to close the rich countries out, so that they can continue to make money off the poor and become more powerful themselves. Globalization is a powerful tool that can make everyone better off. The only question is, how long will it take for every human being to realize the great opportunity we’re presented, and: What is necessary to do to make globalization work?




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