Author: V N BalasubramanyamPublisher: Oxford University PressYear: 1998Language: EnglishPages: 619ISBN/UPC (if available): 0195647556
A collection of the writings of one the most eminent economists in the world today.This collection presents some of Jagdish Bhagwati's hitherto inaccessible theoretical writings on international trade, economics of brain drain and trade in services. The book features his celebrated article on immiserizing growth as well as his other writings that gave new directions to the Ricardian and Heckscher - ohlin- Samuelson theorems. Other papers in the collection analyze the reasons for the growth of regionalism and the hazards it poses to multilateral trade. In the section covering Indian development the indelible influence of the socialist doctrine on India's economic policy and the consequences thereof have been discussed at length. These reflect Professor Bhagwati's concern that the market mechanism, with its attendant positive implications in terms of efficiency and equity, was ignored in the euphoria for state intervention in economic activity. The final section addresses a wide spectrum of issues representing his broader interests - religion, politics, and history. The selected essays reflect not just the width of Professor Bhagwati's work, but his belief that economics is not only fun but should also have the serious purpose of influencing policy. Policy makers, professionals and those interested in globalization and its consequences will find this analysis both insightful and wide-ranging.THE EDITOR:V N Balasubramanyam is Professor of Development Economics at the Management School, Lancaster University, UK.