Jagdish Bhagwati is a sterling economist whose work I’ve run into several times over the years. Some say he’s a contender for the next Desi Nobel Prize in Econ. Perhaps.
A compendium of some of his work can be found in his recent book In Defense of Globalization.
Daniel Drezner has a couple of excerpts from WSJ and interviews with Prof. Bhagwati up on his blog today – Daniel W. Drezner :: Jagdish Bhagwati –
If we look at the offshoring of online services like call centers or basic accounting, we’re talking about a maximum loss of 100.000 jobs a year to countries like India. That is nothing for an economy this size. The US is a major hyperpower, and yet every time it gets into competition with Mexico, China and India, we work ourselves into a panic. It’s like a rottweiler getting scared because a French poodle is coming down the road.
Read it all…