Joseph Stiglitz and the World Bank: The Rebel WithinIn controversial speeches made around the world, Stiglitz has undone the conventional wisdom that dominated policy-making at the World Bank, the International Monetary Fund and the US Treasury Department. For the first time, Stiglitz's nine most revealing speeches have been gathered together, covering such topics as the failure of shock therapy and transition economics, the limits of capital market liberalization, the myopia of the Washington consensus, the role of knowledge in markets, the process of developing market institutions and the primacy of openness and worker participation. A landmark collection of material for economists everywhere. |
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actions agency argue arguments Asia assets benefits broader capital flows capital markets cent central banks competition concerning corporate governance costs create crises crisis decentralization decisions deficit democracy democratic processes developing countries development strategy discussion East Asian economic growth economists effective efficiency ensure enterprises example financial sector financial system firms funds global Global Development Network Ha-Joon Chang human capital important incentives increase industrial inflation institutions interest rates investment involvement issues Journal of Economics knowledge labor learning liberalization macroeconomic market economy market failures openness ownership Pareto efficient participation participatory processes perspective policies private sector problems production promoting recognize reforms regulation regulatory relationships rent-seeking Research restructuring result risk role secrecy shareholders shock therapy social capital special interests stability stakeholders Stiglitz successful theory trade transition transparency undermine unemployment University Press voucher privatization wage Washington consensus workers World Bank York