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  "url": "https://www.leafyquotes.com/joseph-e-stiglitz/making-globalization-work/for-much-of-the",
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  "text": "For much of the world, globalization as it has been managed seems like a pact with the devil. A few people in the country become wealthier; GDP statistics, for what they are worth, look better, but ways of life and basic values are threatened. For some parts of the world the gains are even more tenuous, the costs more palpable. Closer integration into the global economy has brought greater volatility and insecurity, and more inequality. It has even threatened fundamental values.\n\nThis is not how it has to be. We can make globalization work, not just for the rich and powerful but for all people, including those in the poorest countries. The task will be long and arduous, We have already waited far too long. the time to begin is now.",
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    "title": "Making Globalization Work",
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      "slug": "limited-liability-should",
      "url": "https://www.leafyquotes.com/joseph-e-stiglitz/making-globalization-work/limited-liability-should",
      "text": "Limited liability should not be sacrosanct. Like property rights—including intellectual property—it is a creation of man, to provide appropriate incentives; when that artifice fails to fulfill its social function, it needs to be modified.",
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      "slug": "when-i-was",
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      "text": "When I was at the World Bank, it would often be said in the face of obvious failure that our strategy was correct, it just wasn't implemented well.",
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      "text": "The job of the Western trade negotiators is to get a better trade deal for their country's interests—for example, gaining more market access and stronger intellectual property rights—without giving up agriculture subsidies or nontariff trade barriers. Fairness is not in the lexicon of these trade negotiators.",
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