"With a new afterword"--Cover.

Includes bibliographical references (p. 259-274) and index.

Former World Bank chief economist Joseph E. Stiglitz expresses his disillusionment with international institutions and Washington policy makers regarding the global economy, discussing the plight of poor nations, the East Asia crisis, and the former Soviet economies.

The promise of global institutions -- Broken promises -- Freedom to choose? -- The East Asian crisis : how IMF policies brought the world to the verge of a global meltdown -- Who lost Russia? -- Unfair trade laws and other mischief -- Better roads to the market -- The IMF's other agenda -- The way ahead.

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