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.
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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.
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After three decades of market fundamentalism, during which the rich have grown richer and the poor have in many countries grown poorer, Professor Stiglitz suggests practical ways of undoing the damage and creating a just and stable world economy. With chapters on fair trade, intellectual property, natural resources, climate change, multinational corporations, indebtedness, the world monetary system and democratization, this is a comprehensive prescription for reform. It is presented with a wealth of examples and backed by 46 pages of detailed notes and references. My only quibble is that the author does not face the question of how much more the world economy can grow without becoming unsustainable, but perhaps that can only be addressed once the ... Read More:
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After three decades of market fundamentalism, during which the rich have grown richer and the poor have in many countries grown poorer, Professor Stiglitz suggests practical ways of undoing the damage and creating a just and stable world economy. With chapters on fair trade, intellectual property, natural resources, climate change, multinational corporations, indebtedness, the world monetary system and democratization, this is a comprehensive prescription for reform. It is presented with a wealth of examples and backed by 46 pages of detailed notes and references. My only quibble is that the author does not face the question of how much more the world economy can grow without becoming unsustainable, but perhaps that can only be addressed once the ... Read More:
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After three decades of market fundamentalism, during which the rich have grown richer and the poor have in many countries grown poorer, Professor Stiglitz suggests practical ways of undoing the damage and creating a just and stable world economy. With chapters on fair trade, intellectual property, natural resources, climate change, multinational corporations, indebtedness, the world monetary system and democratization, this is a comprehensive prescription for reform. It is presented with a wealth of examples and backed by 46 pages of detailed notes and references. My only quibble is that the author does not face the question of how much more the world economy can grow without becoming unsustainable, but perhaps that can only be addressed once the ... Read More:
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After three decades of market fundamentalism, during which the rich have grown richer and the poor have in many countries grown poorer, Professor Stiglitz suggests practical ways of undoing the damage and creating a just and stable world economy. With chapters on fair trade, intellectual property, natural resources, climate change, multinational corporations, indebtedness, the world monetary system and democratization, this is a comprehensive prescription for reform. It is presented with a wealth of examples and backed by 46 pages of detailed notes and references. My only quibble is that the author does not face the question of how much more the world economy can grow without becoming unsustainable, but perhaps that can only be addressed once the ... Read More:
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The book offers an intermediate approach to the main topics of public finance, keeping a concise but effective style. However the book sometimes lacks of mathematical proofs and is probably too centred on American datas.
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The book offers an intermediate approach to the main topics of public finance, keeping a concise but effective style. However the book sometimes lacks of mathematical proofs and is probably too centred on American datas.
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The book offers an intermediate approach to the main topics of public finance, keeping a concise but effective style. However the book sometimes lacks of mathematical proofs and is probably too centred on American datas.
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I was disappointed with this book as I found that Stiglitz had made it too political. Stiglitz was an advisor to Clinton, and he seems to have based the book on Republican bashing, I also found Stiglitz's writing style too repetitive - for example Regan's `cut taxes to increase tax revenue' idea was mentioned several times throughout the book.
Another problem that I have with this book is that Stiglitz bases this book on the 2001 dot-com crash, which he states caused a "long and deep" economic downturn. However, the 2001 recession happened to be a much shorter compared to those in recent history and economic conditions turned around into strong growth in the 2000's.
Also, many of his arguments do not stand up to economies other than the US. ... Read More:
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