Defense Of Globalization Is Beneficial For Every Nation

1064 WordsMay 1, 20155 Pages
In Defense of Globalization is a very captivation book written by a highly respected author in the economic field Jagdish Bhagwati. At first glance, Jagdish Bhagwati disperses extensive reasonings for why it is beneficial for every nation to enter the global economy. Bhagwati gives an in-depth definition of globalization as the “integration of national economies into the international economy through trade, direct-foreign investment, short term capital flows, international flows of workers… and flows of technology.” Then he tackles down various issues such as globalization’s effects on domestic and foreign labor market, women’s rights, gender discrimination, child labor abuse, and environmental destruction. The scope of Bhagwati’s book mainly embraces globalization and free trades, his book truly satisfies critics on the pro-globalization debate. The first part of the book provides extreme defensive arguments set forth by the opponents of globalization, which are the anti-globalization groups. Bhagwati would refer these groups as the discontented mixture of anti-corporatism, anti-Americanism, and anti-capitalism that exists in today’s world. They advocate that freer trade is detrimental to the environment; it hurts domestic workers, and increases poverty rather than stimulating a poor nation’s economy. It is creating a societal ill, a cultural hybrid that harms the indigenous culture, which will lead to the abusiveness to the host country. The anti-globalization groups

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