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In defense of globalization

By: Material type: TextTextPublication details: New Delhi; OUP; 2004Description: 308 pISBN:
  • 9780195670516
Subject(s): DDC classification:
  • 338.9 Bha
Summary: Globalization has been blamed for everything from child labor to environmental degradation, cultural homogenization, and a host of other ills affecting rich and poor nations alike. Not a day goes by without impassioned authors and activists, whether anti- or pro globalization, putting their oars into these agitated waters. When all is said, however, we lack a clear, coherent and comprehensive sense of how globalization works, and how it might be made to work better. Enter Jagdish Bhagwati, the internationally renowned known equally for the clarity of his arguments and the sharpness of his pen. In this book, Bhagwati takes on globalization's critics, using sound economic principles and vivid examples rather than inflamed rhetoric, to show that globalization is in fact the most powerful force for social good in the world today. Bhagwati explains why the 'Gotcha' examples are often not as they seem-that in fact globalization often alleviates many of the problems for which it has been blamed. Bhagwati carefully explains the fallacies that underlie many of the critics' arguments, suggesting that there is a good reason why most globalization protesters come from rich rather than poor countries. Exploring globalization's 'human face' in great detail, Bhagwati demonstrates its beneficial effects on a panoply of social issues including poverty, child labor, women's rights, democracy, wage and labor standards, and the environment. He concludes that by focusing so much on globalization's purported evils, we are missing the opportunity to focus on accelerating its achievements while coping with its. downsides.
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Globalization has been blamed for everything from child labor to environmental degradation, cultural homogenization, and a host of other ills affecting rich and poor nations alike. Not a day goes by without impassioned authors and activists, whether anti- or pro globalization, putting their oars into these agitated waters.

When all is said, however, we lack a clear, coherent and comprehensive sense of how globalization works, and how it might be made to work better. Enter Jagdish Bhagwati, the internationally renowned known equally for the clarity of his arguments and the sharpness of his pen. In this book, Bhagwati takes on globalization's critics, using sound economic principles and vivid examples rather than inflamed rhetoric, to show that globalization is in fact the most powerful force for social good in the world today.

Bhagwati explains why the 'Gotcha' examples are often not as they seem-that in fact globalization often alleviates many of the problems for which it has been blamed. Bhagwati carefully explains the fallacies that underlie many of the critics' arguments, suggesting that there is a good reason why most globalization protesters come from rich rather than poor countries. Exploring globalization's 'human face' in great detail, Bhagwati demonstrates its beneficial effects on a panoply of social issues including poverty, child labor, women's rights, democracy, wage and labor standards, and the environment. He concludes that by focusing so much on globalization's purported evils, we are missing the opportunity to focus on accelerating its achievements while coping with its. downsides.

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