Free Trade Today
By (author) Jagdish N. Bhagwati
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Free Trade Today by Jagdish N. Bhagwati
Book DescriptionFree trade, indeed economic globalization generally, is under siege. The conventional arguments for protectionism have been discredited but not banished. And free trade faces strong new challenges from a variety of groups, including environmentalists and human rights activists as well as traditional lobbies who wrap their agendas in the language of justice and rights. These groups, claiming a general interest and denouncing free trade as a special interest of corporations and other capitalist forces, have organized large and vocal protests in Seattle, Prague, and elsewhere. Based on his acclaimed Stockholm lectures and picking up where his widely influential Protectionism left off, Jagdish Bhagwati applies critical insights from revolutionary developments in commercial policy theory--many his own--to show how the pursuit of social and environmental agendas can be creatively reconciled with the pursuit of free trade. Indeed, he argues that free trade, by raising living standards, can serve these agendas far better than can a descent into trade sanctions and restrictions. After settling the score in favor of free trade, Professor Bhagwati considers alternative ways in which it can be pursued. Chiefly, he argues in support of multilateralism and advances a withering critique of recent bilateral and regional free trade agreements (including NAFTA) as preferential arrangements that introduce growing chaos into the world trading system. He also makes a strong case for "going it alone" on the road to trade liberalization and endorses the reemergence of unilateral liberalization at points around the globe. Forcefully, elegantly, and clearly written for the public by one of the foremost economic thinkers of our day, this volume is not merely accessible but essential reading for anyone interested in economic policy or in the world economy.
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Book DetailsISBN: 9780691117300
(203mm x 127mm x 8mm)
Imprint: Princeton University Press
Publisher: Princeton University Press
Publish Date: 22-Sep-2003
Country of Publication: United States
Books By Author Jagdish N. Bhagwati
Offshoring of American Jobs, Hardback (September 2009)
Two leading economists discuss a range of issues relating to the "offshoring" of American jobs, from free trade to unemployment levels.
Skilled Immigration Today, Hardback (May 2009)
With chapters written by some of the most important names in the field, Skilled Immigration Today provides a systematic look at the phenomenon of skilled immigration, its prospects, its possibilities, and resulting problems.
Sustaining India's Growth Miracle, Hardback (April 2008)» View all books by Jagdish N. Bhagwati
Analyzes the forces behind India's role as a world economic player and identify the weaknesses that, if unaddressed, may slow the country's growth. This book tackles issues from political, economic, and academic perspectives, and discusses the country's position as a world power. It is intended for practitioners, policymakers, and students.
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Author Biography - Jagdish N. Bhagwati
Jagdish Bhagwati is University Professor at Columbia University and Andre Meyer Senior Fellow in International Economics at the Council on Foreign Relations. An external adviser to the Director General of the World Trade Organization, he has been Economic Policy Adviser to the Director General, GATT, and Special Adviser to the United Nations on Globalization. He is the author of several volumes and he has been honored with three festschrifts. He has received several honorary degrees and awards, including the Bernhard Harms Prize, the Freedom Prize, and the Seidman Distinguished Award in Political Economy.
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