Sunday, December 07, 2008
In Defense of Globalization
A bit of an overload today I realize that but I had to play catch-up. Just a really short critique of this book. Jagdish Bhagwati's In Defense of Globalization was something I had really looked forward to. He used to teach Krugman, is one of the elder statesmen of trade theory and I was really exciting to read a book by him, especially one with a title as aggressive as this one. Well, Mr Bhagwati let me down. Big time. Basically his book consists of a number of essays that are put together without much thought nor inherent logic. He mainly attacks globalization opponents, calls the demonstrators in the street out as being uninformed (really, the couldn't argue economics with someone with a PhD, that is surprising) and while he refutes some of the usual anti-globalization arguments he does so on a very basic level. Maybe he tried to educate the completely uninformed with this, I didn't really get anything out of his book.