When it was first published, this national bestseller quickly became a touchstone in the globalization debate. Renowned economist and Nobel Prize winner Joseph E. Stiglitz had a ringside seat for most of the major economic events of the last decade, including stints as chairman of the Council of Economic Advisers and chief economist at the World Bank. Particularly concerned with the plight of the developing nations, he became increasingly disillusioned as he saw the International Monetary Fund and other major institutions put the interests of Wall Street and the financial community ahead of the poorer nations. Those seeking to understand why globalization has engendered the hostility of protesters in Seattle and Genoa will find the reasons here. While this book includes no simple formula on how to make globalization work, Stiglitz provides a reform agenda that will provoke debate for years to come. Rarely do we get such an insiders analysis of the major institutions of globalization as in this penetrating book. With a new foreword for this paperback edition. Those seeking to understand why globalization has engendered the hostility of protesters in Seattle and Genoa will find the reasons here. While this book includes no simple formula on how to make globalization work, Stiglitz provides a reform agenda that will provoke debate for years to come. Rarely do we get such an insiders analysis of the major institutions of globalization as in this penetrating book. With a new foreword for this paperback edition. He is one of the most important economists of modern times. -Nicholas Stern, Chief Economist and Senior Vice President, World Bank Penetrating, insightful.... A seminal workthat must be read. -George Soros Whatever your opinions, you will be engaged by Stiglitzs sharp insights. A must read. -Juan Somavia, Director-General of the International Labor Organization This book is everyones guide to the misgovernment of globalization. Stiglitz explains it here in plain and compelling language. -James K. Galbraith, The University of Texas at Austin Entertaining, insightful, and well-written.... Makes a compelling case. -Foreign Affairs A war story from inside the halls of the White House and the World Bank, the confession of a powerful economist with a political conscience and a healthy degree of common sense. -Lenora