In Defense of Globalization

Author: Jagdish Bhagwati
Publisher: Oxford University Press
ISBN: 0199838968
Release Date: 2007-09-04
Genre: Business & Economics

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.

Protectionism

Author: Jagdish N. Bhagwati
Publisher: MIT Press
ISBN: 0262521504
Release Date: 1989
Genre: Business & Economics

Analyses the key issues of the protection debate, arguing that the forces favouring free trade are more robust and more fundamental than the forces of protectionism, and that pro-trade forces are likely to triumph in the end.

Globalization and Its Discontents

Author: Joseph E. Stiglitz
Publisher: W. W. Norton & Company
ISBN: 0393071073
Release Date: 2003-04-17
Genre: Business & Economics

This powerful, unsettling book gives us a rare glimpse behind the closed doors of global financial institutions by the winner of the 2001 Nobel Prize in Economics. When it was first published, this national bestseller quickly became a touchstone in the globalization debate. Renowned economist and Nobel Prize winner Joseph E. Stiglitz had a ringside seat for most of the major economic events of the last decade, including stints as chairman of the Council of Economic Advisers and chief economist at the World Bank. Particularly concerned with the plight of the developing nations, he became increasingly disillusioned as he saw the International Monetary Fund and other major institutions put the interests of Wall Street and the financial community ahead of the poorer nations. Those seeking to understand why globalization has engendered the hostility of protesters in Seattle and Genoa will find the reasons here. While this book includes no simple formula on how to make globalization work, Stiglitz provides a reform agenda that will provoke debate for years to come. Rarely do we get such an insider's analysis of the major institutions of globalization as in this penetrating book. With a new foreword for this paperback edition.

Globalization and Sovereignty

Author: John Agnew
Publisher: Rowman & Littlefield
ISBN: 9781538105207
Release Date: 2017-12-15
Genre: Political Science

This book offers a new way of thinking about sovereignty, both past and present. John Agnew challenges the widely accepted story that state sovereignty is in worldwide eclipse in the face of the overwhelming processes of globalization, offering a convincing framework that breaks with the either/or thinking of state sovereignty versus globalization.

Why Globalization Works

Author: Martin Wolf
Publisher: Yale University Press
ISBN: 9780300102529
Release Date: 2004
Genre: Political Science

"Meticulous, well-structured, and persuasive." Martin Vander Weyer, Spectator

Why Growth Matters

Author: Jagdish Bhagwati
Publisher: PublicAffairs
ISBN: 9781610392723
Release Date: 2013-04-09
Genre: History

In its history since Independence, India has seen widely different economic experiments: from Jawharlal Nehru's pragmatism to the rigid state socialism of Indira Gandhi to the brisk liberalization of the 1990s. So which strategy best addresses India's, and by extension the world's, greatest moral challenge: lifting a great number of extremely poor people out of poverty? Bhagwati and Panagariya argue forcefully that only one strategy will help the poor to any significant effect: economic growth, led by markets overseen and encouraged by liberal state policies. Their radical message has huge consequences for economists, development NGOs and anti-poverty campaigners worldwide. There are vital lessons here not only for Southeast Asia, but for Africa, Eastern Europe, and anyone who cares that the effort to eradicate poverty is more than just good intentions. If you want it to work, you need growth. With all that implies.

International Economics Globalization and Policy

Author: Philip King
Publisher: McGraw-Hill/Irwin
ISBN: 0073375810
Release Date: 2008-09-29
Genre: Business & Economics

The King reader is a collection of articles on international economics by leading economists drawn from various scholarly sources (e.g., Foreign Affairs, Current Issues in Economics and Finance, Finance and Development, Federal Reserve Publications, the Journal of Economic Perspectives). Previously known as International Economics and International Economic Policy, the new title is briefer and yet more descriptive, since the term globalization has been added to reflect the content of the book, which is also used in courses devoted to globalization, particularly the economic aspects of globalization. The Fifth Edition focuses on real debates within the discipline of economics and political economy, not on phony “pro-cons” debates which often obscure the real issues. The reader continues to be unique as the most relevant in today's market.

Globalisms

Author: Manfred B. Steger
Publisher: Rowman & Littlefield Publishers
ISBN: 9780742557918
Release Date: 2008-12-16
Genre: Political Science

This new edition of Manfred Steger's award-winning book explores the three principal ideologies of our time: the dominant "market globalism" based on a neoliberal vision of the world as a single marketplace, the "justice globalism" developed over the last decade by a transnational coalition of global civil society forces, and the "jihadist globalism" of radical Islamists seeking to galvanize their global community of believers into violent action. Market globalism has responded to these challengers by turning into "imperial globalism"—a political belief system that marries the capitalist language of the 1990s with the security concerns of our post-9/11 world. Steger, one of the world's leading scholars on these subjects, explores globalization's central questions: What, exactly, are the core claims of these conflicting globalisms? How does the imperial globalism of the 2000s differ from the market globalism of the 1990s? How has justice globalism managed to mature into a coherent ideology? What are the most likely future trajectories of this great ideological struggle of the twenty-first century? Written with impressive historical and theoretical breadth, this groundbreaking work is essential reading for all those concerned with the key questions that our shrinking world must face.

Global Political Economy

Author: Robert O'Brien
Publisher: Macmillan
ISBN: 9781137287373
Release Date: 2013-06-14
Genre: Business & Economics

The fourth edition of this popular and successful text has been systematically revised and updated to incorporate analysis of the financial crisis and the changing global order. Now in a larger format with a new two-colour text design, the book includes additional boxed exhibits and end-of-chapter further reading. Williams, Uni NSW.

The Globalization Paradox

Author: Dani Rodrik
Publisher: OUP Oxford
ISBN: 9780191634253
Release Date: 2012-05-17
Genre: Political Science

For a century, economists have driven forward the cause of globalization in financial institutions, labour markets, and trade. Yet there have been consistent warning signs that a global economy and free trade might not always be advantageous. Where are the pressure points? What could be done about them? Dani Rodrik examines the back-story from its seventeenth-century origins through the milestones of the gold standard, the Bretton Woods Agreement, and the Washington Consensus, to the present day. Although economic globalization has enabled unprecedented levels of prosperity in advanced countries and has been a boon to hundreds of millions of poor workers in China and elsewhere in Asia, it is a concept that rests on shaky pillars, he contends. Its long-term sustainability is not a given. The heart of Rodrik’s argument is a fundamental 'trilemma': that we cannot simultaneously pursue democracy, national self-determination, and economic globalization. Give too much power to governments, and you have protectionism. Give markets too much freedom, and you have an unstable world economy with little social and political support from those it is supposed to help. Rodrik argues for smart globalization, not maximum globalization.

The Promise and Limits of Private Power

Author: Richard M. Locke
Publisher: Cambridge University Press
ISBN: 9781107031555
Release Date: 2013-04-22
Genre: Business & Economics

This book examines and evaluates various private initiatives to enforce fair labor standards within global supply chains. Using unique data (internal audit reports, and access to more than 120 supply chain factories and 700 interviews in 14 countries) from several major global brands, including NIKE, HP, and the International Labor Organization's Factory Improvement Programme in Vietnam, this book examines both the promise and the limitations of different approaches to actually improve working conditions, wages, and working hours for the millions of workers employed in today's global supply chains. Through a careful, empirically grounded analysis of these programs, this book illustrates the mix of private and public regulation needed to address these complex issues in a global economy.

Termites in the Trading System

Author: Jagdish Bhagwati
Publisher: Oxford University Press
ISBN: 0199743614
Release Date: 2008-07-14
Genre: Business & Economics

Jagdish Bhagwati, the internationally renowned economist who uniquely combines a reputation as the leading scholar of international trade with a substantial presence in public policy on the important issues of the day, shines here a critical light on Preferential Trade Agreements, revealing how the rapid spread of PTAs endangers the world trading system. Numbering by now well over 300, and rapidly increasing, these preferential trade agreements, many taking the form of Free Trade Agreements, have re-created the unhappy situation of the 1930s, when world trade was undermined by discriminatory practices. Whereas this was the result of protectionism in those days, ironically it is a result of misdirected pursuit of free trade via PTAs today. The world trading system is at risk again, the author argues, and the danger is palpable. Writing with his customary wit, panache and elegance, Bhagwati documents the growth of these PTAs, the reasons for their proliferation, and their deplorable consequences which include the near-destruction of the non-discrimination which was at the heart of the postwar trade architecture and its replacement by what he has called the spaghetti bowl of a maze of preferences. Bhagwati also documents how PTAs have undermined the prospects for multilateral freeing of trade, serving as stumbling blocks, instead of building blocks, for the objective of reaching multilateral free trade. In short, Bhagwati cogently demonstrates why PTAs are Termites in the Trading System.

Global Financial Contagion

Author: Shalendra D. Sharma
Publisher: Cambridge University Press
ISBN: 9781107027206
Release Date: 2014
Genre: Business & Economics

This book is an authoritative account of the economic and political roots of the 2008 financial crisis. It examines why it was triggered in the United States, why it morphed into the Great Recession, and why the contagion spread with such ferocity around the globe. It also examines how and why economies - including the Eurozone, Russia, China, India, East Asia, and the Middle East - have been impacted and explores their response to the unprecedented challenges of the crisis and the effectiveness of their policy measures. Global Financial Contagion specifically looks at how the Obama administration's policy missteps have contributed to America's huge debt and slow recovery, why the Eurozone's response to its existential crisis has become a never-ending saga, and why the G-20's efforts to create a new international financial architecture may fall short. This book will long be regarded as the standard account of the crisis and its aftermath.

Skilled Immigration Today

Author: Jagdish N. Bhagwati
Publisher: Oxford University Press, USA
ISBN: UOM:39015078786616
Release Date: 2009
Genre: Social Science

With chapters written by some of the most important names in the field, this book provides a systematic look at the phenomenon of skilled immigration, its prospects, its possibilities, and resulting problems

An Uncertain Glory

Author: Jean Drèze
Publisher: Princeton University Press
ISBN: 9781400848775
Release Date: 2013-08-11
Genre: Business & Economics

When India became independent in 1947 after two centuries of colonial rule, it immediately adopted a firmly democratic political system, with multiple parties, freedom of speech, and extensive political rights. The famines of the British era disappeared, and steady economic growth replaced the economic stagnation of the Raj. The growth of the Indian economy quickened further over the last three decades and became the second fastest among large economies. Despite a recent dip, it is still one of the highest in the world. Maintaining rapid as well as environmentally sustainable growth remains an important and achievable goal for India. In An Uncertain Glory, two of India's leading economists argue that the country's main problems lie in the lack of attention paid to the essential needs of the people, especially of the poor, and often of women. There have been major failures both to foster participatory growth and to make good use of the public resources generated by economic growth to enhance people's living conditions. There is also a continued inadequacy of social services such as schooling and medical care as well as of physical services such as safe water, electricity, drainage, transportation, and sanitation. In the long run, even the feasibility of high economic growth is threatened by the underdevelopment of social and physical infrastructure and the neglect of human capabilities, in contrast with the Asian approach of simultaneous pursuit of economic growth and human development, as pioneered by Japan, South Korea, and China. In a democratic system, which India has great reason to value, addressing these failures requires not only significant policy rethinking by the government, but also a clearer public understanding of the abysmal extent of social and economic deprivations in the country. The deep inequalities in Indian society tend to constrict public discussion, confining it largely to the lives and concerns of the relatively affluent. Drèze and Sen present a powerful analysis of these deprivations and inequalities as well as the possibility of change through democratic practice.