In Defense of globalization

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The riot-torn meeting of the World Trade Organization in Seattle in 1999 highlighted the passionate debate surrounding globalization, which critics blame for issues like child labor, environmental degradation, and cultural homogenization. Jagdish Bhagwati, a renowned economist, challenges these critiques, arguing that when properly governed, globalization serves as a powerful force for social good. Drawing on his extensive knowledge of international economics, he reveals that many criticisms are misleading and that globalization often alleviates the very problems it is accused of causing. For example, increased prosperity in underdeveloped nations tends to reduce child labor and boost literacy, as families can afford to send their children to school. Bhagwati also illustrates how globalization supports women's rights and demonstrates that economic growth, when paired with environmental safeguards, does not necessarily lead to increased pollution. In addressing concerns about cultural hegemony, he cites Salman Rushdie as an example of how globalization fosters a rich blend of cultures rather than a bland uniformity. With his characteristic wit and insight, Bhagwati argues convincingly that globalization is part of the solution, not the problem, making this work essential for anyone seeking to understand the complexities of the globalization debate.