The book makes a strong impression. Joseph E. Stiglitz writes quite easy, journalistic language so that non-specialist to easily understand the issues raised in this work. And that is rather serious questions that are put before human globalization.
The book describes in detail the consequences of blind faith in the “hand of the market” and the life-giving property of their liberalization, highlighting the dangers of the increasing interdependence of economies of different countries. All this is supported by analysis of real examples. Examines the role and the failures of the international economic institutions. Recommendations for improving international relations.
The book makes you reflect on further ways of development of world economy and cooperation between the countries, gives the understanding of urgent problems, and warns against repeating past mistakes.