Baloch, Qadar BakhshInam, Maria2019-09-252019-09-252012-10-1520071819-6470http://hdl.handle.net/20.500.12424/187774The book under review is written by an eminent economist, Joseph E. Stiglitz, 2001 Nobel laureate, who takes on globalization's advocates, disarming them with his logic and killing them with his compassion. His books include The Roaring Nineties and Globalization and Its Discontents. Globalization and its Discontents is not a critique of globalization as its name implies, it is rather a critique of the International Monetary Fund ("IMF") and other agencies of international financial governance - principally the World Bank and the U.S. Treasury. Stiglitz who has been; chairman of the Council of Economic Advisers under Bill Clinton from 1993 and Chief Economist at the World Bank from 1997, became disillusioned with the IMF and other international institutions, which he came to believe, acted against the interests of poverty ridden developing countries and sums up his personal experience in the book Globalization and its Discontents. He refers globalization as the “closer integration of the countries and people of the world which has been brought about by the enormous reduction of costs of transportation and communication, and the breaking down of artificial barriers to the flows of goods, services, capital, knowledge, and to a lesser extent people across borders.1 However, the author critics efficacy of the globalization, "in too many instances, the benefits of globalization have been less than its advocates claim, the price paid has been greater, as the environment has been destroyed, as political processes have been corrupted, and as the rapid pace of change has not allowed countries time for cultural adaptation. The crises that have brought in their wake massive unemployment have, in turn, been followed by longer term problems of social dissolution -- from urban violence in Latin America to ethnic conflicts in other parts of the world, such as Indonesia."engWith permission of the license/copyright holderglobalization, world bank, discontentsGlobal ethicsReligious ethicsComparative religion and interreligious dialogueArticle