Joseph E. Stiglitz’s scientific contributions

... If we add to this Sen's plea for democracy and his model of development based on local capabilities, we see that regional stakeholders should activate their national and international counterparts, and act by themselves in order to develop local capabilities from which development projects and actions will ensue. • For Stiglitz (2002) "the benefits of globalization have been less than its advocates claim, the price paid has been greater, as the environment has been destroyed, as political processes have been corrupted, and as the rapid pace of change has not allowed countries time for cultural adaptation. The crises that have brought in their wake massive unemployment have, in turn, been followed by longer term problems of social dissolution -from urban violence in Latin America to ethnic conflicts in other parts of the world, such as Indonesia". ...

Reference:

Epistemology, management and regional realities: getting away from toxic universalism and from self- defeating naive local pride 2016-2025