Building from the foundation he set in Globalization and Its Discontents, Stiglitz (finance and economics, Columbia U.) describes the progress made, or not, in the years or so since he won the Nobel Prize in economics in 2001. With the rather startling idea in mind that treating developing nations more fairly is not only a moral obligation but also indispensable to the success of globalization, he presents a number of practical solutions to questions about sustainability, indebtedness, intellectual property, financial stability through global reserves, and even global warming, which threatens to put the brakes on any development whatsoever, let alone at the global level. He advocates reforms in the United Nations, the International Monetary Fund, and the World Bank, but his biggest idea is to change the way we think. Globalization must be a part of democratization and vice versa; only then can globalization become people-based rather than system-based. Annotation ©2006 Book News, Inc., Portland, OR (booknews.com)