Diplomat, September 1, 2007: 'A worthwhile read for anyone interested in trade and development.'
Review: 'A worthwhile read for anyone interested in trade and development.' (Diplomat )
Jose Antonio Ocampo, Under-Secretary-General for Economic and Social Affairs of the United Nations: 'a must read - and must do - if the Doha Round is going to become developmental.'
International Herald Tribune (Miami), 1 April 2006: Stiglitz is worth listening to.
Financial Times Magazine, 8/9 July 2006: most stimulating
Times Higher Education Supplement, January 19, 2007: An excellent contribution to the debate on trade policy. It is knowledgeable and authoratative, as one would expect from Stiglitz.
Product Description: How can the poorer countries of the world be helped to help themselves through freer, fairer trade? In this challenging and controversial book Nobel prize-winning economist Joseph E. Stiglitz and his co-author Andrew Charlton address one of the key issues facing world leaders today. They put forward a radical and realistic new model for managing trading relationships between the richest and the poorest countries. Their approach is designed to open up markets in the interests of all and not just the most powerful economies, to ensure that trade promotes development, and to minimise the costs of adjustments. Beginning with a brief history of the World Trade Organisation and its agreements, the authors explore the issues and events which led to the failure of Cancun and the obstacles that face the successful completion of the Doha Round of negotiations. Finally they spell out the reforms and principles upon which a successful agreement must be based. Accessibly written and packed full of empirical evidence and analysis, this book is a must read for anyone interested in world trade and development.
Synopsis: How can the poorer countries of the world be helped to help themselves through freer, fairer trade? In this challenging and controversial book Nobel prize-winning economist Joseph E. Stiglitz and his co-author Andrew Charlton address one of the key issues facing world leaders today. They put forward a radical and realistic new model for managing trading relationships between the richest and the poorest countries. Their approach is designed to open up markets in the interests of all and not just the most powerful economies, to ensure that trade promotes development, and to minimise the costs of adjustments. Beginning with a brief history of the World Trade Organisation and its agreements, the authors explore the issues and events which led to the failure of Cancun and the obstacles that face the successful completion of the Doha Round of negotiations. Finally they spell out the reforms and principles upon which a successful agreement must be based. Accessibly written and packed full of empirical evidence and analysis, this book is a must read for anyone interested in world trade and development.
About the Author: Joseph E. Stiglitz was awarded the Nobel Prize in economics in 2001 and is University Professor at Columbia University where he founded the Initiative for Policy Dialogue in 2000. He was Chair of President Bill Clinton's Council of Economic Advisors from 1995-97 and Chief Economist and Senior Vice-President of the World Bank from 1997-2000.His best known recent publications include 'Making Globalization Work' (2006), 'Globalization and its Discontents' (2002) and 'The Roaring Nineties' (2003).
Customer Reviews
Average Rating:
Rating: - A Fair account of both sides of the Trade argument
This book thoroughly explores all the issues in a very balanced and knowledgeable manner, and is worth reading for the well justified arguments made for both sides.
It is also a rather good introduction to the workings of GATT, WTO and the motives behind the various participating nations.
However, this book was tough reading. The authors are not lucid and stray into grotesque minutiae all too often (the graphs and tables of raw data only add to the boredom).
As a book on ways to help poverty there are better reads, e.g. Amartya Sen's outstanding "Freedom as Development". But as a book on the workings of international trade agreements it would be worth reading.
Rating: - A radical new Trade Model
The authors state rightly that trade policies should be designed to raise living standards and to integrate developing countries into the world trading system. Global poverty (more than 2 billion people live on less than a dollar a day) is the world's most pressing problem.
They say rightly that the developed countries have to date received the lion's share of the benefits from previous trade negotiations. Those ought to do more for the developing countries. The adage should be `help-my-neighbor', nor `beggar-my neighbor'. Right should persevere over might.
Therefore they want to put a radical new trade model on the table of the Doha Round: the Market Access Proposal (MAP). Their model is simple and straight:
All developing ... Read More:
Rating: - Fixing Globalisation
Joseph Stiglitz is the most important progressive economist of our time. He has stared down the free market orthodoxy and shown how alternative policies can work better.
This book provides positive and realistic solutions for poverty reduction through trade.