Book Description

From Booklist Was the Asian financial crisis 'President Clinton's real scandal'? Bhagwati, Columbia University professor of economics and political science and senior fellow at the Council on Foreign Relations, would argue it was. His second collection of essays, lectures, and book reviews (following A Stream of Windows, 1998) maintains that, in economic terms, the Clinton administration's 'admirable domestic policy success' has been matched by 'abysmal foreign policy failure.' Bhagwati blames the Asian collapse on the Clintonites' demand (influenced by the 'Wall Street-Treasury complex') for free capital mobility as an essential element of free trade. He suggests crony capitalism is not a uniquely Asian phenomenon: U.S. cronyism, he argues, produces forced opening of markets to U.S. cultural exports and excessive intellectual property protection. Bhagwati is particularly incensed at the 'free trade must be fair trade' argument of anti-WTO demonstrators (and occasionally Clinton); he insists issues such as worker rights and environmental protection should be addressed through appropriate United Nations bodies, not through trade negotiations. A constructive, if controversial, contribution to an important public policy debate. Mary CarrollCopyright ? American Library Association. All rights reserved --This text refers to an out of print or unavailable edition of this title. Read more Review Jagdish Bhagwati remains an articulate--and persuasive--champion of free trade and globalization in an era when too many liberals have chosen to duck the tough issues. Read these essays, and be enlightened. (Peter Passell, Editor, The Milken Institute Review)'Beware anti-globalizers! Your most formidable opponent speaks outwith his customary eloquence, wit, and incisive reasoning.' Sylvia Ostry , Distinguished Research Fellow, Munk Centre for International Studies, University of Toronto Read more See all Editorial Reviews