Joseph Stiglitz served as chairman of President Clinton's Council of Economic Advisers for seven years, and he was also chief economist at the World Bank. In this book, Stiglitz recounts his experiences in such places as Ethiopia, Thailand and Russia. He finds repeatedly that the International Monetary Fund puts the interests of its "largest shareholder", the United States, above those of the poorer nations it was designed to serve. Stiglitz hopes to explain reasons why globalization has engendered the hostility of some. This book holds no simple formula on how to make globalization work, but it does contain a reform agenda that may provoke debate for years to come.