Written by former World Bank Chief Economist and Columbia University professor Joseph Stiglitz, this influential work critiques how major financial institutions like the IMF and WTO have mishandled globalization—especially in developing countries. Drawing on his insider experience, Stiglitz argues that policies such as structural adjustment and “shock therapy” often inflicted more harm than good in East Asia, Russia, and beyond. He calls for reform, proposing that globalization can work—but only if power is redistributed, and institutions are made more accountable and equitable