Tuesday, November 11, 2008


While reviewing the Jagdish Bhagwati’s new book (SUSTAININGINDIA’S GROWTH MIRACLE) Bibek Debroy writes in Indian Expresst is a tragedy that this year’s Nobel Prize wasn’t shared by Paul Krugman with his former teacher Jagdish Bhagwati. Krugman’s work on strategic trade theory has sometimes been interpreted as justification for state intervention in free trade flows. In contrast, Bhagwati’s work is for unabashed free trade and against protectionism. How does one ensure free trade and removal of barriers?” 

However “Bhagwati’s book only prescribes part of the medicine. But on the prescription given, there is no better popular book I can think of.

See my other post on the same book review here  

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