Finally I finished Jagdish Bhagwati's
newest book about a moderate economist's view of globalization. Alas my high hopes have somehow been disappointed. I expect numbers and a framework for measuring the influences of globalization on labor standards, environmental standards or cultural "imperialism". Instead the book delivers very few numbers to crunch with and is more or less Mr. Bhagwati's view mixed with personal experiences why globalization is beneficial. Also for my taste he takes the rather confusing arguments from many anti-globalization activists much too serious. There is often a confusing cacophony and contradiction in arguments delivered from these groups. The book also fails to outline a coherent vision how to do increase the benefits of extended competition and world trade and minimize the negative effects of things like increasing pollution. Still my favorite is Friedman's
The Lexus and the olive tree that is sometime a bit too simplistic and metaphoric but gives such a powerful view of the reality of globalization that I can only recommend reserving two evenings for a wonderful reading. However I agree with Jagdish Bhagwati on most issues and share his points of view (with the exception of strong capital controls maybe).