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Analytical Review Of 'Villain' By John Stiglitz

814 Words4 Pages

Globalism presents itself differently in each part of the world. (pg. A16) Countries such as the United States or the United Kingdom have managed globalization well. Whereas, less developed and economically scrutinized countries suffer. International institutions encourage market basics that are corrupt and could bring down even a stable country. (pg. A16) Each successful country recognized its own method of globalization and ensured to follow those equitable guidelines. (pg. A17) Any idea to attempt other countries methods would trouble their capacity. The most dangerous impacts recurring from outside the counties input, and attempts to mirror others poses risks. (pg. A17) Capital market liberalization inevitably slows any production and raises …show more content…

Stiglitz manages a stern neutrality, but still, highlights the impact of globalization towards the less-developed countries. As Stiglitz put, “Globalization has meant different things in different places.” (pg. A16) Setting up Stiglitz argument to aid his quest in breaking down the conditioned western view. The author puts forth a compelling argument, due to his repeated use of accepting the common west view and revealing its real-world impact. Stiglitz takes a large world view and makes it small. Stiglitz uses data such as, “The united states and Europe gained tremendously. But Sub-Saharan Africa…lost by about 2 percent due to terms-of-trade effects.” (pg. A20) With data like this Stiglitz reveals statistical proof of misleading information. This evidence further exemplifies Stiglitz persuasive material due to the amount of effort to be relatable. The author makes several connections towards his audience, connecting economic views and adapting them to “simpler” examples. “I have described capital-market liberalization with a simple metaphor: Small countries are like small boats.” (pg. A18) By creating simpler examples and connection, Stiglitz pushes his argument to break down globalizations complicated process. Stiglitz focuses on the impact differences and who pans out worse, Stiglitz does well stay away from defending a certain side. Stiglitz then becomes more legitimate in determining the actual problems with globalism by not forcing answers to a certain side. The authors craft the whole article through two key components: a timeline of events and revealing true definitions of economic standards. The author specifically digs deep into the real definition of terms and pulls out how they were originally written for. Stiglitz, in turn, does not turn the definitions around to support the authors own cause. The evidence the author selects tend

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