Awards

• Winner of <PrizeName>Winner of the 1998 Eccles Prize for Excellence in Economic Writing</PrizeName> 1998
• Winner of Winner of the 1998 Eccles Prize for Excellence in Economic Writing 1998

Overview

Jagish Bhagwati firmly believes that those who work at the frontiers of economics should also get down into the trenches of public policy in the only way they can: through advocacy. His frequent writings in newspapers and magazines are further testimony to his conviction that academics can best do public good by becoming a public nuisance. Running through his writings is the contrary voice, questioning popular positions, challenging the consensus. Bhagwati has an agenda to advance, a vision of the good society that economic policy must help to shape. The good society he has sought over the years is one whose economics embrace openness, in particular in trade and immigration, and whose politics are democratic, not just for the elite few but with the effective participation of the many, including women and minorities. This text offers a selection of the author's policy writings from the 1990s. The title, from a James Schuyler poem, suggests the fluidity of a stream, contrasted with a stagnant pool, as well as the windows the author seeks to open to bring in fresh air. The image captures the essence of the author's writings, which oppossed the demonization of Japan in the 1980s and early 1990s, and which aims to expose the folly of current U.S. policy equating free trade with free trade areas, challenge the bipartisan bashing of illegal immigrants, refute the conventional view that democracy hinders development, and other issues.

Full Product Details

Author:   Jagdish N. Bhagwati (University Professor; Senior Fellow in International Economics at the Council on Foreign Relations, Columbia University)
Publisher:   MIT Press Ltd
Imprint:   MIT Press
Edition:   New edition
Dimensions:   Width: 15.20cm , Height: 3.30cm , Length: 22.90cm
Weight:   0.975kg
ISBN:  

9780262522656

ISBN 10:   0262522659
Pages:   588
Publication Date:   18 August 1999
Recommended Age:   From 18 years
Audience:   College/higher education ,  Professional and scholarly ,  Undergraduate ,  Postgraduate, Research & Scholarly
Format:   Paperback
Publisher's Status:   Unknown
Availability:   Awaiting stock  

Table of Contents

"Part 1 Trade in the global age: a new epoch?; the global age - from a sceptical south to a fearful north. Part 2 On the mat - the poverty of protectionism: the poverty of protectionism. Part 3 The diminished giant syndrome - the obsessive search for ""fair trade"" and reciprocity: the diminished giant syndrome - how declinism drives trade policy; hormones and trade wars; the dangers of selective safeguards; brie for breakfast; rough trade; an unhealthy obsession with reciprocity. Part 4 Aggressive unilaterailism - playing at high noon: super 301's big bite flouts the rules; its the process stupid! Part 5 Japan on one's mind - the Clintonites down the precipice: the obsession - what Buchanan owes Clinton, trade wars, facing the Japanese challenge; getting Japan wrong - the Japanese, the fraudulent case against Japan; on boiling frogs; samuris no more; getting trade policy toward Japan wrong - Japan must now say no, is this showdown necessary?, the US-Japan car dispute - a monumental mistake. Part 6 The folly of ""fair trade before free trade"" -environment and labour standards: the case for free trade; Maerican rules, Mexican jobs; trade liberalization and ""fair trade"" demands - addressing the environmental and labour standards issues. Part 7 Free trade areas are not free trade!: let GATT live; why Ross is wrong; beyond NAFTA - Clinton's trading choices; preferential trade agreements - the wrong road; the watering of trade; threats to the world trading system - income distribution and the selfish hegemon. Part 8 Coping with immigration: a champion for migrating peoples; behind the green card; control immigration at the border; sanctuary; student visas drop anchor; the US brain gain - at the expense of Blacks?; the false alarm of ""too many scientists""; free trade can cut health costs; bashing the illegals. Democracy and its contents: democracy and development - new thinking on an old question: better than Bloomsbury?; America grows roots outside the Old Testament; learning from the religions of others; crisis helps advance ideological positions on population growth; panic, petulance, and paranoia about Japan; ""agents of influence"" - an exchange; exclude the exclusionary rule; recalling Orwell. In the ring - with Soros, Wriston, Sachs and Valenti: wheel of fortune; in the market we trust; shock treatments; free trade at the movies puts US in new role. Economists and economics: remembering Harry G. Johnson; on learned journals in economics; the end of all our exploring; a machine for going backwards."

Reviews

Although Mr. Bhagwati may be best known as a proponent of open trade, this volume will enhance his reputation as a proponent of open societies, in which free markets exist in a context of free human beings. . . . Anyone who reads this engaging description of the ways the world works will emerge a lot less confused and at least a little more optimistic. --Adrian Karatnycky, Wall Street Journal

"""Although Mr. Bhagwati may be best known as a proponent of open trade,this volume will enhance his reputation as a proponent of opensocieties, in which free markets exist in a context of free humanbeings... Anyone who reads this engaging description of the waysthe world works will emerge a lot less confused and at least a littlemore optimistic."" Adrian Karatnycky , Wall Street Journal"

Author Information

Jagdish N. Bhagwati is University Professor of Economics, Law, and International Relations at Columbia University and former Adviser to the Director General of GATT, Arthur Dunkel. He is the author (with Arvind Panagariya) of Why Growth Matters: How Economic Growth in India Reduced Poverty and the Lessons for Other Developing Countries.

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