The wind of the hundred days : wow Washington mismanaged globalization / Jagdish Bhagwati.

Format:

Book

Author/Creator:

Bhagwati, Jagdish N., 1934- author.

Language:

English

Subjects (All):

Free trade.

Capital movements.

Globalization--Economic aspects.

Globalization.

Globalization--Social aspects.

United States--Foreign economic relations.

United States.

United States--Commercial policy.

Physical Description:

1 online resource (xxiii, 383 p. ) ill. ;

Place of Publication:

Cambridge : MIT Press, 2001.

Language Note:

English

Summary:

Provocative essays on international trade, with particular focus on U.S. foreign trade policy. In The Wind of the Hundred Days , a new collection of public policy essays, Jagdish Bhagwati applies his characteristic wit and accessible style to the subject of globalization. Notably, he argues that the true Clinton scandal lay in the administration's mismanagement of globalization -- resulting in the paradox of immense domestic policy success combined with dramatic failure on the external front. Bhagwati assigns the bulk of the blame for the East Asian financial and economic crisis -- a disaster that prompts him to use as his title the poet Octavio Paz's image of devastation "I met the wind of the hundred days" -- to the administration's hasty push for financial liberalization in the region. The administration, Bhagwati claims, has also mishandled the freeing of trade. The administration-hosted WTO meeting in Seattle ended in chaos and the launch of a new round of multilateral trade negotiations was dashed. Bhagwati shows how the administration's failure to get Congress to renew fast-track authority can be attributed to an unimaginative response to the demands of a growing civil society. In several essays, he shows how free trade and social agendas both could have been pursued successfully if the concerns of human-rights, environmental, cultural, and labor activists had been met through creative programs at appropriate international agencies such as the International Labour Organization instead of the WTO and via trade treaties. Bhagwati also criticizes the claim that "globalization needs a human face," arguing that it already has one. He faults the administration for embracing unsubstantiated anti-globalization rhetoric that has made its own preferred option of pursuing globalization that much more difficult.

Contents:

The two-edged sword : capital flows

From miracle to debacle : the Asian drama

Free trade : fair trade, wages, and human rights; Free trade and fair trade

Trade and wages

Moral obligations and human rights

The design of the WTO and trade negotiations

The dispute settlement mechanism at the WTO

Trade and culture

Regionalism, multilateralism, and unilateralism

The debacle in Seattle

Investment and immigration

Globalization.

Notes:

Includes bibliographical references and index.

Bibliographic Level Mode of Issuance: Monograph

OCLC-licensed vendor bibliographic record.

ISBN:

0-262-26851-5

0-585-37778-2

OCLC:

1076545308