An outstanding work, written to celebrate the seventieth birthday of Jagdish Bhagwati; the foremost defender of free trade and its role in developing economies in the world today, this rigorously academic and critical volume represents an important contribution to the understanding of many aspects of globalization. The editors, affiliated with four of the leading economics departments in the USA bring together a stellar line of contributors from across the world to discuss the themes and arguments raised by Bhagwati’s latest work.
A renowned professor of economics and regarded as one of the foremost international trade economist of modern times, Jagdish Bhagwati has written or edited over forty books including In Defence of Globalization and Free Trade Today as well as being the founding editor of Economics and Politics and The Journal of International Economics.
A tribute to the great intellectual accomplishments and the inspiration that Jagdish Bhagwati provided to the field during his prolific and influential career, this book is a must read for all students and academics studying or working in international trade and development economics.
Table of Contents
Part 1: Poverty and Wages 1. Globalization and Poverty T.N. Srinivasan 2. Globalization and Poverty: What is the Evidence? Emma Aisbett, Ann Harisson, and Alix Peterson Zwane 3. International Trade, Labour Turnover, and the Wage Premium: Testing the Bhagwati-Dehejia Hypothesis for Canada Eugene Beaulieu, Vivek Dehejia, and Hazrat-Omar Zakhilwal 4. Human Capital, Trade Liberalization, and Income Risk Tom Kreps, Pravin Krishna, and William Maloney Part 2: International Technology Transfer and Multinational Firms 5. Patent Protection and Global Schumpeterian Growth Elias Dinopoulos, Ali Gungoraydinoglu, and Constantinos Syropoulos 6. Innovation, Imitation, and International Rivalry Kenji Fujiwara, Koji Shimomura, and Kar-yiu Wong 7. Foreign Manufacturing Affiliates of US Multinationals: Myths and Realities in the Globalization Debate James Markusen and Bridget Strand 8. Who Makes the Rules of Globalization?: Corporate Influence in Global and Regional Trade Agreements Alan Deardorff Part 3: Policies and Institutions 9. Preferential Trading and Welfare: The Small-union Case Revisited Arvind Panagariya 10. On the Viability of Conditional Assistance Programs Wolfgang Mayer and Alex Mourmouras 11. The United States is a Small Country in World Trade: Further Evidence and Implications for Globalization Steven Magee, Kwan Yeol Yoo, Nakgyoon Choi, and Hong Shik Lee 12. Taxing the Brain Drain: A Reassessment of the Bhagwati Proposal John Douglas Wilson
Elias Dinopoulos is Professor of Economics at the University of Florida.
Pravin Krishna is Chung Ju Yung Distinguished Professor of International Economics at Johns Hopkins University, Washington DC and also Research Associate at the National Bureau of Economic Research.
Arvind Panagariya is Professor of Economics and Jagdish Bhagwati Professor of Indian Political Economy at Columbia University, New York.
Kar-yiu Wong is Professor of Economics at the University of Washington.