# Quote — Joseph E. Stiglitz, Making Globalization Work

> In the long run, the most important changes required to make globalization work are reforms to reduce the democratic deficit.

- Author: [Joseph E. Stiglitz](https://www.leafyquotes.com/joseph-e-stiglitz.md)
- Book: [Making Globalization Work](https://www.leafyquotes.com/joseph-e-stiglitz/making-globalization-work.md)
- Page: 284
- Source: [Wikiquote](https://en.wikiquote.org/wiki/Joseph_Stiglitz#Making_globalization_work_(2006)) ([CC BY-SA 4.0](https://creativecommons.org/licenses/by-sa/4.0/))
- Quote page: https://www.leafyquotes.com/joseph-e-stiglitz/making-globalization-work/in-the-long

## More from this book

> 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.

p. 207 — [Quote page](https://www.leafyquotes.com/joseph-e-stiglitz/making-globalization-work/limited-liability-should.md)

> The era of multilateral trade liberalization seems to be nearing an end (at least for a while), as well-founded disillusionment in the developing countries combines with growing protectionist sentiment in the developed world.

p. 81 — [Quote page](https://www.leafyquotes.com/joseph-e-stiglitz/making-globalization-work/the-era-of-multilateral.md)

> 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.

p. 52 — [Quote page](https://www.leafyquotes.com/joseph-e-stiglitz/making-globalization-work/when-i-was.md)