Furthermore, the author mainly examines globalization in the modern era, examining both the successes and failures of globalization after implementation of the following global organizations: the IMF, the World Bank. , and the WTO. Like previous definitions, Stiglitz attributes globalization to world trade; however, it also places particular emphasis on the power of globalization in bringing about societal change. It accomplishes this by presenting several examples of how globalization has shaped communities around the world, both positively and negatively. But ultimately, he notes that globalization is inherently neutral: the type of change it brings to society is the result of the agents who stimulate it. In context, Stilgitz's definition is rather effective in that it views the growing interactions between nations as primarily economic: the diffusion of culture and change in society are a by-product of economic interactions. . Although the definition is narrow, Stiglitz focuses on intergovernmental organizations that primarily deal with economic affairs. Thus, even though the definition does not encompass other aspects of globalization, it successfully achieves its