Business & Economics

In Defense of Globalization

With a New Afterword

Author: Jagdish Bhagwati

Publisher: Oxford University Press

ISBN: 9780199838967

Category: Business & Economics

Page: 344

View: 1760

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.
Business & Economics

In Defense of Globalization

With a New Afterword

Author: Jagdish Bhagwati

Publisher: Oxford University Press

ISBN: 9780198038078

Category: Business & Economics

Page: 344

View: 8119

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.
Business & Economics

In Defense of Globalization

With a New Afterword

Author: Jagdish Bhagwati

Publisher: Oxford University Press

ISBN: 0195330935

Category: Business & Economics

Page: 330

View: 8604

Argues in favor of a properly governed form of globalizations by describing the potential social benefits, including increased prosperity in underdeveloped nations, increased literacy, and promotion of the causes of women.
Political Science

Why Globalization Works

Author: Martin Wolf

Publisher: Yale University Press

ISBN: 0300102526

Category: Political Science

Page: 398

View: 3972

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

Globalization, Growth, and Poverty

Building an Inclusive World Economy

Author: Paul Collier,David Dollar

Publisher: World Bank Publications

ISBN: 9780821350485

Category: Business & Economics

Page: 174

View: 467

Globalization - the growing integration of economies and societies around the world, is a complex process. The focus of this research is the impact of economic integration on developing countries and especially the poor people living in these countries. Whether economic integration supports poverty reduction and how it can do so more effectively are key questions asked. The research yields 3 main findings with bearings on current policy debates about globalization. Firstly, poor countries with some 3 billion people have broken into the global market for manufactures and services, and this successful integration has generally supported poverty reduction. Secondly, inclusion both across countries and within them is important as a number of countries (pop. 2 billion) are failing as states, trading less and less, and becoming marginal to the world economy. Thirdly, standardization or homogenization is a concern - will economic integration lead to cultural or institutional homogenization?
Business & Economics

Globalization and Its Discontents

Author: Joseph E. Stiglitz

Publisher: W. W. Norton & Company

ISBN: 9780393071078

Category: Business & Economics

Page: 304

View: 6898

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.
Political Science

Controversies in Globalization

Contending Approaches to International Relations

Author: Peter M. Haas,John A. Hird

Publisher: CQ Press

ISBN: 1544350252

Category: Political Science

Page: 648

View: 3114

Debate style readers can be powerful teaching tools, but only if the readings really speak to one another; otherwise, the crux of the debate is lost on students. Peter M. Haas and John M. Hird's Controversies in Globalization solves this issue by inviting 17 pairs of scholars and practitioners to write specifically for the volume, directly addressing key questions in international relations through concise "yes" and "no" pieces on topics related to security, political economy, the environment, public health, democracy, demography, and social issues. At the request of reviewers, new to this edition are three chapters covering the financial crisis, maritime security, and international conflict. Chapter headnotes written by the editors effectively frame each debate and make clear what is at stake from both theoretical and practical perspectives. Concluding discussion questions in each chapter encourage critical thinking and analysis.
History

Why Growth Matters

How Economic Growth in India Reduced Poverty and the Lessons for Other Developing Countries

Author: Jagdish Bhagwati,Arvind Panagariya

Publisher: PublicAffairs

ISBN: 1610392728

Category: History

Page: 304

View: 3252

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.
Social Science

Skilled Immigration Today

Prospects, Problems, and Policies

Author: Jagdish N. Bhagwati,Gordon Howard Hanson

Publisher: Oxford University Press, USA

ISBN: N.A

Category: Social Science

Page: 402

View: 6100

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
Political Science

Globalisms

The Great Ideological Struggle of the Twenty-first Century

Author: Manfred B. Steger

Publisher: Rowman & Littlefield Publishers

ISBN: 074255791X

Category: Political Science

Page: 236

View: 5350

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.
Business & Economics

Global Political Economy

Evolution and Dynamics

Author: Robert O'Brien,Marc Williams

Publisher: Macmillan

ISBN: 1137287373

Category: Business & Economics

Page: 340

View: 7867

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.
Business & Economics

International Economics, Globalization, and Policy

A Reader

Author: Philip King,Sharmila King

Publisher: McGraw-Hill/Irwin

ISBN: 9780073375816

Category: Business & Economics

Page: 376

View: 8053

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.
Business & Economics

Mad about Trade

Why Main Street America Should Embrace Globalization

Author: Daniel T. Griswold

Publisher: Cato Institute

ISBN: 193530819X

Category: Business & Economics

Page: 203

View: 5968

Made about Trade demonstrates how free trade is "the working family's best friend" and reexamines "the globalization debate from the perspective of what it means for millions of typical American families."
Political Science

Hyperconflict

Globalization and Insecurity

Author: James Mittelman

Publisher: Stanford University Press

ISBN: 0804763763

Category: Political Science

Page: 256

View: 7321

A combination of heightened economic competition and an extreme concentration of power in geopolitics globalizes insecurity in the form of hyperconflict: a reorganization of political violence, a growing climate of fear, and increasing instability at a world level.
Business & Economics

Global Financial Contagion

Building a Resilient World Economy After the Subprime Crisis

Author: Shalendra D. Sharma

Publisher: Cambridge University Press

ISBN: 1107027209

Category: Business & Economics

Page: 406

View: 4577

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.
Business & Economics

India

The Emerging Giant

Author: Arvind Panagariya

Publisher: Oxford University Press

ISBN: 0199890145

Category: Business & Economics

Page: 546

View: 1524

India is not only the world's largest and fiercely independent democracy, but also an emerging economic giant. But to date there has been no comprehensive account of India's remarkable growth or the role policy has played in fueling this expansion. India: The Emerging Giant fills this gap, shedding light on one of the most successful experiments in economic development in modern history. Why did the early promise of the Indian economy not materialize and what led to its eventual turnaround? What policy initiatives have been undertaken in the last twenty years and how do they relate to the upward shift in the growth rate? What must be done to push the growth rate to double-digit levels? To answer these crucial questions, Arvind Panagariya offers a brilliant analysis of India's economy over the last fifty years--from the promising start in the 1950s, to the near debacle of the 1970s (when India came to be regarded as a "basket case"), to the phenomenal about face of the last two decades. The author illuminates the ways that government policies have promoted economic growth (or, in the case of Indira Gandhi's policies, economic stagnation), and offers insightful discussions of such key topics as poverty and inequality, tax reform, telecommunications (perhaps the single most important success story), agriculture and transportation, and the government's role in health, education, and sanitation. The dramatic change in the fortunes of 1.1 billion people has, not surprisingly, generated tremendous interest in the economy of India. Arvind Panagariya offers the first major account of how this has come about and what more India must do to sustain its rapid growth and alleviate poverty. It will be must reading for everyone interested in modern India, foreign affairs, or the world economy.
Business & Economics

Termites in the Trading System

How Preferential Agreements Undermine Free Trade

Author: Jagdish Bhagwati

Publisher: Oxford University Press

ISBN: 0199715904

Category: Business & Economics

Page: 160

View: 7856

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.
Political Science

A World in Disarray

American Foreign Policy and the Crisis of the Old Order

Author: Richard Haass

Publisher: Penguin

ISBN: 0399562370

Category: Political Science

Page: 352

View: 3331

"A valuable primer on foreign policy: a primer that concerned citizens of all political persuasions—not to mention the president and his advisers—could benefit from reading." —The New York Times An examination of a world increasingly defined by disorder and a United States unable to shape the world in its image, from the president of the Council on Foreign Relations Things fall apart; the center cannot hold. The rules, policies, and institutions that have guided the world since World War II have largely run their course. Respect for sovereignty alone cannot uphold order in an age defined by global challenges from terrorism and the spread of nuclear weapons to climate change and cyberspace. Meanwhile, great power rivalry is returning. Weak states pose problems just as confounding as strong ones. The United States remains the world’s strongest country, but American foreign policy has at times made matters worse, both by what the U.S. has done and by what it has failed to do. The Middle East is in chaos, Asia is threatened by China’s rise and a reckless North Korea, and Europe, for decades the world’s most stable region, is now anything but. As Richard Haass explains, the election of Donald Trump and the unexpected vote for “Brexit” signals that many in modern democracies reject important aspects of globalization, including borders open to trade and immigrants. In A World in Disarray, Haass argues for an updated global operating system—call it world order 2.0—that reflects the reality that power is widely distributed and that borders count for less. One critical element of this adjustment will be adopting a new approach to sovereignty, one that embraces its obligations and responsibilities as well as its rights and protections. Haass also details how the U.S. should act towards China and Russia, as well as in Asia, Europe, and the Middle East. He suggests, too, what the country should do to address its dysfunctional politics, mounting debt, and the lack of agreement on the nature of its relationship with the world. A World in Disarray is a wise examination, one rich in history, of the current world, along with how we got here and what needs doing. Haass shows that the world cannot have stability or prosperity without the United States, but that the United States cannot be a force for global stability and prosperity without its politicians and citizens reaching a new understanding.
Political Science

Making Globalization Work

Author: Joseph E. Stiglitz

Publisher: W. W. Norton & Company

ISBN: 9780393066203

Category: Political Science

Page: 400

View: 4966

"A damning denunciation of things as they are, and a platform for how we can do better."—Andrew Leonard, Salon Building on the international bestseller Globalization and Its Discontents, Joseph E. Stiglitz offers here an agenda of inventive solutions to our most pressing economic, social, and environmental challenges, with each proposal guided by the fundamental insight that economic globalization continues to outpace both the political structures and the moral sensitivity required to ensure a just and sustainable world. As economic interdependence continues to gather the peoples of the world into a single community, it brings with it the need to think and act globally. This trenchant, intellectually powerful, and inspiring book is an invaluable step in that process.
Political Science

The Post-American World: Release 2.0 (International Edition)

Author: Fareed Zakaria

Publisher: W. W. Norton & Company

ISBN: 0393082458

Category: Political Science

Page: 336

View: 699

“A relentlessly intelligent book.” —Joseph Joffe, New York Times Book Review “This is not a book about the decline of America, but rather about the rise of everyone else.” So begins Fareed Zakaria’s blockbuster on the United States in the twenty-first century, and the trends he identifies have proceeded faster than anyone anticipated. How might the nation continue to thrive in a truly global era? In this fully updated 2.0 edition, Zakaria answers these questions with his customary lucidity, insight, and imagination.