Off the Shelf

CIO, February, 2003 by Edited by Carol Zarrow

Rich Man, Poor Man Globalization and Its Discontents By Joseph E. Stiglitz W.W. Norton & Co., 2002, $24.95 Joseph Stiglitz has the courage of his naiveté.

A winner of the 2001 Nobel Memorial Prize in Economics, a member of President Bill Clinton's cabinet, former chairman of the Council of Economic Advisers and chief economist of the World Bank, Stiglitz declares himself shocked—shocked!—to discover that decisions made by the World Bank and the International Monetary Fund (IMF) are driven not by practical assessments of economic conditions but by politics and ideology. Specifically, by politics that ensure Western profits, rationalized by the belief that no matter what the cost, nothing should be allowed to interfere with the freedom of markets.

And even that...

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