In Joseph E. Stiglitz's book "Making Globalization Work," the author emphasizes that development should prioritize improving people's lives rather than merely focusing on economic metrics. The essence of true progress involves not only increasing wealth but also ensuring that individuals experience tangible enhancements in their quality of life. This perspective shifts the narrative from economic growth as the ultimate goal to a more holistic approach that encompasses social, educational, and health advancements.
Stiglitz argues that for globalization and development to be effective, they must be inclusive and attentive to the needs of communities. He asserts that policies should be designed with the well-being of people in mind, allowing for equitable distribution of resources and opportunities. By transforming lives, we can achieve sustainable development that not only boosts economies but also fosters a more just and humane society.