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"Bhagwati, Jagdish N., 1934- author"
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Termites in the trading system : how preferential agreements undermine free trade
This book shines a critical light on preferential trade agreements (PTAs), 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, the author 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. The author 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, the author cogently demonstrates why PTAs are “Termites in the Trading System.”
eBook
Development and Planning
First published in 1972, this is a book of essays offered in honour of Paul Rosenstein-Rodan, the distinguished economist whose career started in mid-1920s Vienna and subsequently spanned Europe, Britain, the USA and many of the less developed countries of the world.The book includes reviews of past developments, chapters on development trade and value theory, an assessment of contemporary emerging economic patterns, development and trade policy, and investment policy. Further essays cover the intellectual history of development economics, general aspects of growth and economic policy in underdeveloped countries and the problems of income distribution and sectoral and regional development.
eBook
Globalization Challenged
In Globalization Challenged, George Rupp, president of the International Rescue Committee, outlines the steps necessary to engage the contemporary conflict between traditional religious belief and Western secularism. According to Rupp, the key objective is to build a community that is inclusive without denying the validity of particular commitments. While he acknowledges the threat of \"resurgent fundamentalism,\" Rupp also criticizes secularists who fail to recognize or acknowledge the role of religion and its ideological equivalents in influencing public policy. All views, he asserts, are subject to comparative appraisal. The challenge is to develop ways to evaluate different approaches responsibly, leading to a greater understanding of one's own convictions as well as the positions of others. Rupp reinforces his critical and theoretical analysis with dramatic accounts of recent events in Afghanistan, the Democratic Republic of Congo, and Sudan—places where the International Rescue Committee operates. He then addresses the role of globalization in fueling instability worldwide. Inadequately regulated privatization has compromised health care, education, and social programs in many countries, whereas an inclusive community would encourage a more equitable distribution of resources. Essays by Jagdish Bhagwati, Jeremy Waldron, and Wayne Proudfoot expand Rupp's arguments, and in a final chapter Rupp responds to the issues they raise. Essential reading for anyone who hopes to understand the roots of today's geopolitical tensions, Globalization Challenged asks that we shed our complacency, recognize the legitimate role of conviction, and take actions to shape a more just and inclusive society.
eBook
The global economy in transition
This book is a collection of essays written by Ambassador, Professor Jørgen Ørstrøm Møller from the middle of 2009 to end of 2012, commenting on global economic and political events, which reflect Moeller's judgment and evaluation on these issues.
Readers get an overview to the collection of essays and the worldview they represent in an introductory chapter weaving together strands of economics, politics, and societal issues. Møller goes a step further by sketching up a picture of how a future economic model and political system may look - forged by debt, scarcities, economic integration, and the rise of Asia.
Part I deals with global systems and possible long trends shaping the future over the coming decades, as the current political system and economic model, having run their course, come to an end.
Part II discusses how the era of scarcities will change economic behaviour in terms of economic models.
Part III looks into the global debt problem, which confines the world to low growth over one or two decades as the world tries to get rid of the debt burden.
Part IV forms an analysis of what has happened in the Euro-zone and how the global debt crisis has compelled the Europeans to take the next steps in integration and address the shortcomings and flaws in the original treaty from 1992.
Part V turns to Asia and its future in the global economy. It concentrates on Asian integration and how the Asian countries will fare in the future under much changed circumstances compared to how things looked when the Asian adventure started some 30-40 years ago.
At the end, readers will find a short post-scriptum with some of Moeller's afterthoughts on the important issues discussed throughout the book.
eBook