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In Defense of Globalization

Jagdish Bhagwati

'Angelo Costa' Lectures Serie, 2005, issue Lect. VI

Abstract: Today, the principal focus of anti-globalizers is not the effect of globalization on economic prosperity but its harm to social agendas such as the reduction of child labour and poverty, the maintenance of rich-country labour and environmental standards, the exercise of national sovereignty, the maintenance of local culture, and women’s rights and welfare. The contrary view, which I defend in this essay, is that economic globalization advances the achievement of that social agenda. But we must ask: what institutional and policy framework is necessary to improve on the benign outcomes that globalization fetches?

Date: 2005
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