Globalization: A New Philosophy of Institutions and Responsibility

This article offers an in-depth reflection on globalization processes, combining a research perspective with systems analysis. The author critiques the Washington Consensus and market fundamentalism, pointing to their destructive impact on developing countries. Information economics is a key analytical tool, exposing knowledge asymmetries and capital allocation errors. The text reiterates Joseph E. Stiglitz's proposals for essential reform of the International Monetary Fund, including the need for increased transparency and a change in the institution's mandate. By comparing the effects of shock therapy in Russia with the successes of China and Poland, the author argues for a new model of institutional accountability that prioritizes the common good over particular financial interests, striving for a more equitable global order.