In Defense of Globalization: With a New AfterwordOxford University Press, 2004 M03 1 - 344 pages In the passionate debate that currently rages over globalization, critics have been heard blaming it for a host of ills afflicting poorer nations, everything from child labor to environmental degradation and cultural homogenization. Now Jagdish Bhagwati, the internationally renowned economist, takes on the critics, revealing that globalization, when properly governed, is in fact the most powerful force for social good in the world today. Drawing on his unparalleled knowledge of international and development economics, Bhagwati explains why the "gotcha" examples of the critics are often not as compelling as they seem. With the wit and wisdom for which he is renowned, Bhagwati convincingly shows that globalization is part of the solution, not part of the problem. This edition features a new afterword by the author, in which he counters recent writings by prominent journalist Thomas Friedman and the Nobel Laureate economist Paul Samuelson and argues that current anxieties about the economic implications of globalization are just as unfounded as were the concerns about its social effects. |
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abroad activists agreements American analysis Anne Krueger anti-globalization argued argument Asian autarky capital flows Chapter child labor China civil society competition corporations coun critics cultural demand democracy democratic developing countries domestic downside economic globalization economists effects environment environmental EPZs European evidence example exploitation exports fact fear firms foreign free trade GATT governments groups growth harm human rights Human Rights Watch immigration important income increased India indigenous industry institutions investment issue Jagdish Bhagwati Japanese Kyoto Protocol labor standards legislation lobbies markets ment migration moral multilateral multinationals nations negotiations NGOs nomic Organization percent political pollution poor countries poverty pressure problem prosperity protection protectionism question rates reduce rich countries role shift shrimp social South Korea tariffs technical change tion trade liberalization trade sanctions treaty turn unions United University wages women workers World Bank World Trade Organization worldwide York