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Political Economy and International Economics is the fifth volume of collected essays by the noted economist Jagdish Bhagwati.
"Through a combination of text, quotations, cartoons, tables, charts, and graphs, Bhagwati ... looks at the forces for and against protection."--Jacket.
Shows how the pursuit of social and environmental agendas can be creatively reconciled with the pursuit of free trade. Argues that free trade, by raising living standards, can serve these agendas far better than can a descent into trade sanctions and restrictions.
The greatest strength of this thoroughly revised and expanded edition of Lectures on International Trade is its rigorous algebraic and geometric treatment of the various models and results of trade theory. The authors, who now include Arvind Panagariya, offer both policy insights and empirical applications. They have added nine entirely new chapters as well as new sections to several existing chapters (e.g., a greatly expanded treatment of the growing theory of preferential trade agreements).
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This collection of papers by former students and colleagues celebrates the profound impact that Jagdish Bhagwati has had on the field of international economics over the past three decades. Bhagwati, who is the Arthur Lehman Professor of Economics at Columbia University, has made pathbreaking contributions to the theory of international trade and commercial policy, including immiserizing growth, domestic distortions, economic development, and political economy. His success and influence as a teacher and mentor is widely recognized among students at both MIT and Columbia, and as founder of the Journal of International Economics, he has encouraged research on many questions of theoretical and ...
An internationally renowned economist reveals that globalization, when properly governed, is in fact the most powerful force for social good in the world today.
This book, a well-argued treatise on the benefits of neo-classical free trade, develops the principles of a liberal foreign trade theory and provides a new conceptual basis for discussing the argument between free-trade and protectionism.