In Defense of Globalization

In Defense of Globalization

Book - 2004
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Baker & Taylor
An internationally renowned economist joins the bitter debate over globalization as he refutes critics to describe the potential social benefits of a properly governed form of globalization, including increased prosperity in underdeveloped nations, reduction in the child labor force, increased literacy, and promotion of the cause of women. 40,000 first printing.

Oxford University Press
The riot-torn meeting of the World Trade Organization in Seattle in 1999 was only the most dramatic sign of the intensely passionate debate now raging over globalization, which critics blame for everything from child labor to environmental degradation, cultural homogenization, and a host of other ills afflicting poorer nations.
Now Jagdish Bhagwati, the internationally renowned economist known equally for the clarity of his arguments and the sharpness of his pen, 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 economics, Bhagwati explains why the "gotcha" examples of the critics are often not as they seem, and that in fact globalization often alleviates many of the problems for which it has been blamed. For instance, when globalization leads to greater general prosperity in an underdeveloped nation, it quickly reduces child labor and increases literacy (when parents have sufficient income, they send their children to school, not work). The author describes how globalization helps the cause of women around the world and he shows how economic growth, when coupled with the appropriate environmental safeguards, does not necessarily increase pollution. And to counter the charge that globalization leads to cultural hegemony, to a bland "McWorld," Bhagwati points to the example of Salman Rushdie, a writer who blends Bombay slang and impeccable English in novels touched by magic realism borrowed from South American writers. Globalization leads not to cultural white bread but to a spicy hybrid of cultures.
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. Anyone who wants to understand what's at stake in the globalization wars must read In Defense of Globalization.

Publisher: New York : Oxford University Press, 2004
ISBN: 9780195170252
Characteristics: xi, 308 p. : ill. ; 24 cm

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Sep 06, 2013

An excellent book that demonstrates how globalization has helped many of the world's poor increase their standard of living. Bhagwati also explains the need for governments to play a role in managing a global economy. He speaks too of the need for free trade in making a more equal world.

Sep 05, 2013

Not mentioned in the author notes is that Bhagwati receives handsome talking fees and consulting fees from the Indian offshoring company, the Tata Corporation.


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