Joseph E. ... Stiglitz explains, "Virtually every major meeting of the International Monetary Fund, the World Bank, and the World Trade Organization is now the scene of conflict and turmoil." ... Stiglitz writes, "To understand what went wrong, it's important to look at the three main institutions that govern globalization: the IMF, the World Bank, and the WTO." In this book, Stiglitz focused mainly on the IMF and the World Bank, "largely because they have been at the center of the major economic issues of the last two decades-. ... Part of the problem lies with the World Bank, the IMF...

• Word Count: 833
• Approx Pages: 3

benefits and threats of globalisation Introduction There are processes in the international order--driven by revolutions in communication and information technology--that exhibit seemingly inexorable globalising tendencies while, at the same time, there are a range of actions, adopted by states an...

• Word Count: 9082
• Approx Pages: 36
• Grade Level: Undergraduate

We could quite easily fill these pages with various definitions of globalisation by individuals such as Joseph Stiglitz, Anthony Giddens, Paul Krugman and Gordon Brown but this would defeat the objective of this article as it would make the article another piece of academic regurgitation rather than dealing with the reality that faces the world today in an era of vulgar capital and finance moving around the world at the press of a button in New York or London. ... More importantly, it reciprocates the understanding of globalisation by the international financial institutions, such as the Inter...

• Word Count: 3797
• Approx Pages: 15
• Grade Level: Undergraduate