This volume, written in a style accessible to the general reader, provides an overview of the Indian development experience over the last forty years. It argues that the protectionist regime of the sixties and seventies stifled economic initiative and development, culminating in the fiscal crisis of the late eighties.
This paper was delivered by Professor Jagdish Bhagwati, Arthur Lehman Professor of Economics and Professor of Political Science at Columbia University, at a public lecture organized by ISEAS. Professor Bhagwati talks about the threats to free trade that we face today, especially threats to multilateralism in free trade which can take two forms: those that directly attack the notion of multilate…
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 powerf…