Word: jagdish
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Globalization's defenders reply by saying, Relax: it will never happen. This counterblast (much of it in a paper written by Columbia University's Jagdish Bhagwati, today's unchallenged intellectual champion of free trade) has two parts. First, free trade's defenders say, it is unrealistic to assume that China or India will suddenly develop a monstrous capacity in high-end, high-technology innovation. "The oft repeated argument that India and China will quickly educate 300 million of their citizens to acquire sophisticated and complex skills," write Bhagwati and his colleagues, "borders on the ludicrous. The educational sectors in those...
...let’s get real. Nobody is proposing punitive taxes or tariffs on foreign competition. Nobody is sure that new fears about what Ross Perot used to call “the sucking sound” of jobs sent abroad will actually be realized. Jagdish Bhagwati, a Columbia economics professor and former Samuelson student, responded to his old mentor’s concern with unshakeable—and, thus far, defensible—faith in American innovation to hold most jobs here...
...globalization may reduce poverty in the long run, but the long run might be too long to bear. Children working in sweatshops today gain little by being told that in 20 years' time their daughters will not have to stitch garments in a stinking hovel. In a recent paper Jagdish Bhagwati of Columbia University (whose zeal for free trade makes mine look Episcopal) puts it this way: "There is legitimate impatience at the speed with which globalization will deliver social agendas. We want to go faster...
...political pressures in both countries threatened to bar any immediate settlement. For a struggling President Clinton, the get-tough sanctions promised to shore up his support in crucial industrial states such as Michigan and Ohio. "No U.S. politician ever lost at the polls by bashing Japan," says trade expert Jagdish Bhagwati, a Columbia University economist. And the political price? "So we lose the Lexus and Infiniti vote," shrugs a senior Administration official. "It's a risk we're prepared to take...
...sister had been in Hayward, California, since 1981, married to an engineer. After the troubles began, they sponsored her mother's trip, then that of her father Jagdish, whose strategy was to emigrate and bring in five of his children behind him. He hired a caretaker for the family's 35-acre farm in their village of Panam. Then he bought an apartment in Chandigarh for the sole purpose of housing his son and four daughters as they wait for their visas...