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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.

Preface

Introduction

Ⅰ The Two-Edged Sword: Capital Flows

1 The Capital Myth: The Difference between Trade in Widgets and Dollars

2 Why Free Capital Mobility May Be Hazardous to Your Health

3 Free Trade, Yes; Free Capital Flows, Maybe

Ⅱ From Miracle to Debacle: The Asian Drama

4 The "Miracle" That Did Happen: Understanding East Asia in Comparative Perspective

5 The Asian Economic Crisis: What Do We Know Now?

6 A Friend in the United States, but a Crony in Asia

Ⅲ Free Trade: Fair Tra~te, Wages, and Human Rights Free Trade and Fair Trade

7 Free Trade in the Twenty-First Century: Managing Viruses, Phobias, and Social Agendas

8 Free Trade: Why the AFL-CIO, Ralph Nader, and the Sierra Club Should Like It

9 The Folly of "Fair Trade"

10 Is Free Trade Working for Everyone? Trade and Wages

11 Play It Again, Sam: A New Look at Trade and Wages

12 Globalization: Who Gains, Who Loses? Moral Obligations and Human Rights

13 Moral Obligations and Trade

14 Trade Linkage and Human Rights

15 On the Efficacy of Trade Sanctions The Design of the WTO and Trade Negotiations

16 Fast Track: Not So Fast

17 Short on Trade Vision

18 Global Fixes

19 Fifty Years: Looking Back, Looking Forward

20 On Thinking Clearly about the Linkage between Trade and the Environment The Dispute Settlement Mechanism at the WTO

21 Mismanaging the Banana Dispute

22 An Economic Perspective on the Dispute Settlement Mechanism

　……

Ⅳ Regionalism, Multilateralism and Unilateralism

Ⅴ The Debacle in Seattle

Ⅵ Investment and Immigration

Ⅶ Globalization

Index

Jagdish Bhagwati is University Professor at Columbia University and External Advisor to the Director General, World Trade Organization. He was named Distinguished Fellow of the American Economic Association in 2003.

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书籍介绍

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.