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Bhagwati and Panagariya propose ways to accelerate India’s growth while also making its redistributive policies more effective.
Despite the dramatic collapse of the recent trade talks in Cancún, things aren't nearly as bad as they seem. Cancún was no Seattle, as will soon become clear when progress resumes on Doha Round negotiations. Fault for the conference's breakdown lies with all the major parties, but the damage can quickly be remedied.
A new book by an eminent economist takes on globalization's critics, disarming them with logic and killing them with compassion.
Migration lies at the center of global problems today. Rich countries are trying to attract skilled immigrants and keep unskilled ones out; poor countries are trying to keep skilled labor at home. Both sides are doomed to fail. Governments must stop trying to curtail migration and start managing it to seek benefits for all.
Globalization is doomed to controversy thanks to a trio of misapprehensions. But the opposition stems more from nostalgia and sterile theory than from economic reality.
A Future Perfect cuts through the complex issues surrounding globalization and shows that global capitalism has a human side as well.
The logic of free trade does not apply to currency convertibility, as the Asian currency crisis should have made clear.
The Clinton administration is unfairly manhandling Japan and abandoning free markets in favor of managed outcomes, undermining the global trading regime.
Misconceptions that U.S. economic decline is due to other nations' unfair trade practices is provoking protectionism in the Clinton administration that could result in a system of regional trading blocs.