Stiglitz argued that the so-called free market reform policies that the Bank advocates are often harmful to economic development if implemented badly, too quickly ("shock therapy"), in the wrong sequence or in weak, uncompetitive economies.
Stiglitz sostivo que as chamadas políticas de reforma do mercado libre que defendía o Banco a miúdo eran prexudiciais para o desenvolvemento económico se se aplicaban mal, demasiado rápido ("terapia de choque"), nunha secuencia equivocada ou en economías competitivas débiles.