The good, the bad and the ugly
Summary :
Table of Contents
- Introduction
- Globalization and Its discontents
- The best description for Joseph Stiglitz's view of the world
- The intended counterpoint to the suffering in the developing countries
- IMF-induced financial liberalization
- Transition from state planning to private ownership
- The Triple Convergence
- Conclusion
- Works cited
Abstract
According to the Richard Harris, author of "The Global Context of Contemporary Latin American Affairs," Globalization refers in general to the worldwide integration of humanity and the compression of both the temporal and spatial dimensions of planet wide human interaction. The proliferation of McDonalds worldwide is an example of globalization. The question is, is a proliferation of deep fried French fries a good thing? Thomas Friedman says "yes" because we all get equal opportunity at said "French fries," while Joseph Stiglitz says "no" because the "French fry" opportunities are inherently unequal in the status quo. Friedman's book The World is Flat and Stiglitz's book Globalization and Its Discontents tackle similar profound issues of globalization and semi-contradict/not really while providing interesting commentary and critiques on the status quo.
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