This money, however, is not enough to see the building and establishment of new schools and health clinics. Ethiopia, knowing this, did not succumb to the IMF's conditions and as a result had its funding suspended, although the IMF eventually relented. .
Mentioned above is just one of the examples that Stiglitz uses to expose the flawed policies of the IMF in its lending of funds to poor and developing countries. Through these examples, Stiglitz is able to support his stance on the mismanagement and broken promises of globalization caused by the erroneous policies of the IMF. However, according to Joseph Kahn, writer of the New York Times" article "Are You Better Off Now," these illustrations are not strong enough to support Stiglitz" viewpoint. Kahn finds parts of Stiglitz" book "disappointingly shallow" and comments that Stiglitz "makes a superficial case for an imperialist plot." In Kahn's perspective, globalization itself could very easily become trouble unless it experiences a radical makeover , not just on the part of the IMF. Kahn's article, however, does not outline what kind of changes or "makeover" globalization needs to undertake. Stiglitz, on the other hand, lays out quite clearly what the problem with globalization is and what steps could be done to help alleviate those problems. He outlines these steps by first discussing the need to reform the global financial system and the IMF, in which the majority of the problems are present. Stiglitz then goes on to discuss the changes needed for the other two institutions which, according to him, has problems at a lesser extent. He makes mention of the reforms needed in the World Bank and the development and assistance and changes needed in the World Trade Organization, as well as balance in the trade agenda. .
Stiglitz" discussion of globalization is noteworthy because his examples and illustrations are not fictional or mere case studies.