Stiglitz back to reality

 21 well-known economist Joseph Stiglitz's new book will be published in China, I would like to send the book about book review, in the United States can not participate in the activities of the master in this line, but the master's book worth reading.
- Economics is very easy to be profound, mysterious, new clothes are decorated with one of the economists willing to vie with each other more attractive of the model, the simple and complex. Economists have been bound by a single dogma, the new freedom arbitrary doctrine that, for any country, open is the best policy. off the cloak of mystery economists, magnanimous treatment of the real world is not easy. With this book, we see a famous contemporary economist Stiglitz began to return to reality, find a way out.
Stiglitz first of economists shouting: neo-liberal argument on the premise that full market and the efficiency hypothesis, the social economy in developed countries, the basic set up these conditions, but often does not match the current situation in developing countries; general equilibrium analysis depends largely on the conclusions of the hypothesis, the policy implications of most of the economic analysis is based on a particular economic model, these assumptions are often unrealistic incorrect; Most role of general equilibrium analysis of trade liberalization, the theoretical tools are static, the static model only describes the economy from one form to another form of fixed transition, regardless of the cost in the process of change, but also not considered in the non-fixed state of the economy h. ..
Stiglitz out of the usual assumptions of economists, tools, and then he looked into the real world. He was the Doha Round world trade in cut time system, consider this is not full employment, there is no perfect competition, no good market mechanism, only the endless struggle and the increasing differentiation of countries and sectors of the real world. In Stiglitz's pen, the real world is gradually presented:
l in history of GATT and WTO negotiations, the share of developed countries reflect the priority status of developing countries is very low;
l As the phenomenon of inequality and failure after another, the Uruguay Round of negotiations is the failure of one of the most negotiations. trade terms most of the benefits arising from the final possession was developed, and flows to those developing countries that export-led only minimal profits only, more countries had become poorer;
l WTO trade policy not only in the design constraints of developing countries, in the industrial policy also limits the rights of developing countries, it is precisely these policies have used the developed countries;
l Doha Development Round has become from the competing interests of developed countries in the arena.
you might say, Stiglitz sees the reality that we already know. Yes, just joined the world system as the Chinese people, we naturally will not forget the many imbalances in the past, many unfair. But, Stiglitz is an American economist, when he took off his clothes when economists, but also get rid of the traditional position of the developed countries, but also the rich to get rid of the strength of an existing class, that is great the impact of enterprise class, which is actually more difficult to get rid of after the two. When out of the above constraints, the time, an economist gives advice that is relatively fair and just. When Stiglitz brushed their return to to reality, we see that salvation into his way of thinking emerged, which is The fair has long been referred to the economics discussion on the fairness and efficiency is a dime a dozen, but who can explain what is fair and it won?
Stiglitz does not like the philosopher, to identify what is fair as , there is no way to derive as an economist what is fair. He kept the clothes off the simple economist, tells you step by step, in front of the Doha negotiations, what to do to be fair. He wrote: before any agreement is estimated in the development of its expected impact on development, if the negative effects on development, then it should not appear on the agenda. , Stiglitz to show his true colors by economists, who emphasized the use of general equilibrium model analysis should be noted that the impact of different developing countries affected by the policy is likely to be different, should pay attention to case analysis. Stiglitz also highlighted on the negotiating process fair type of the infamous home applied to global governance, as Stiglitz to the World Trade Organization is a basic principle of the balance of a balance between rich and poor. Then, this point will prove a good economist, Stiglitz is it? not, see the cause, virtuous doctor can not be said to be good doctors, good doctors should be able to open a prescription.
Stiglitz's prescription is simple, he called the an economist's proposal is full of the wisdom of economics. this proposal lies in market access. Therefore, developing countries can expect free access to the market with the following two characteristics, namely the higher the GDP, and second, the higher the per capita gross domestic product. the free market, but must be more open to poor Uganda. The proposal to ensure that liberalization, settle the dialogue between the strength of power capacity, defined the scope of the obligation to ensure that the main import countries sufficient to meet the threat. < br> I have many times in the World Trade Organization Ministerial Conference, Stiglitz book describes the story, I was witness to every detail. Doha since the number of government in finding solutions to problems, but they own the Doha Round divide the world into an arena of utilitarianism, they find a fair way how could it?, there are many scholars in the ivory tower in the Doha talks, more scholars accepted the financial assistance of large enterprises Doha talks, how can they Doha can bring true dawn of it? from the style point of view, this book is no fancy place, but is this the layman to make, so I saw the master's style. Master back to reality, but as if bystander, fled the country, class constraints, gently figure it out, the chaos of the world, such as hemp a viable lead, the right door.