logo
  New Login   

Battle on Globalization


Ashwini Deshpande

IN DEFENSE OF GLOBALIZATION
By Jagdish Bhagwati
Oxford University Press, New Delhi, 2004, pp. xi 308, Rs. 445.00

GLOBALIZATION: PERSPECTIVES IN WOMEN'S STUDIES
Edited by Malini Bhattacharya
Tulika Books, New Delhi, 2004, pp. xi 173, Rs. 295.00

GLOBALISATION, CULTURE AND THE LIMITS OF THE MARKET: ESSAYS IN ECONOMICS AND PHILOSOPHY
Edited by Stephen Cullenberg and Prasanta K. Pattanaik
Oxford University Press, New Delhi, 2004, pp. 277, Rs. 595.00

GLOBALISATION AND LOCAL DEVELOPMENT IN INDIA: EXAMINING THE SPATIAL DIMENSION
Edited by Frederic Landy and Basudeb Chaudhary
Manohar Publishers, Delhi, 2004, pp. 248, Rs. 625.00

GLOBALISATION AND ITS DISCONTENTS, REVISITED
Edited by Jomo K.S. and Khoo Khay Jin
Tulika Books, New Delhi, 2003, pp. xvi 232, Rs. 395.00

THE CHANGING FACE OF GLOBALISATION
Edited by Samir Dasgupta
Sage Publications, New Delhi, 2004, pp. 332, Rs. 350.00

GLOBALISATION: THE NEW MARKET IDEOLOGY
By Manfred B. Steger
Rawat Publications, Jaipur, 2004, pp. xiv 194, Rs. 450.00

GLOBALISATION OR GOBBLE-ISATION: THE ARAB EXPERIENCE
By Ash Narain Roy
Konark Publishers, 2003, pp. xii 189, Rs. 350.00

THE GEOPOLITICS OF GLOBALISATION: THE CONSEQUENCES FOR DEVELOPMENT
By Baldev Raj Nayar
Oxford University Press, New Delhi, 2005, pp. xii 301, Rs. 595.00

INDIA IN THE AGE OF GLOBALISATION: CONTEMPORARY DISCOURSES AND TEXTS
Edited by Suman Gupta , Tapan Basu and Subarno Chatterji
Nehru Memorial Museum and Library, New Delhi, 2003, pp. xix 416, Rs. 1000.00

GLOBALISATION AND LABOUR: THE NEW GREAT TRANSFORMATION
By Ronaldo Munck
Madhyam Books, New Delhi, 2002, pp. xiii 216, Rs. 250.00

VOLUME XXX NUMBER 6 June 2006

Bhagwati wages a virtually lonely battle in this collection; however, his position in this set of books (that of a minority) is misleading as he actually represents the mainstream opinion on globalization, one that is, by and large, endorsed by international financial institutions and the most powerful nations of the world. The title of his book is honest– he does indeed provide a consistent defence of contemporary globalization and argues that the concerns of its critics are misplaced. He differs from the mainstream position only in one respect when he questions the liberalization of the capital account and suggests that financial liberalization was an important ingredient in explaining the East Asian crisis and also suggests that the reason Malaysia was able to withstand the crisis was because it did retain capital controls.   Globalisation and Labour: Bhagwati dismisses all arguments that suggest that MNC dominated production, integral to present-day globalization, exploits labour any way– either by paying low wages or by the violation of labour rights or by the race to the bottom induced by competition among developing countries to attract FDI. He believes that MNCs have an unambiguously positive (or at least non-negative) effect on the workers in that they increase employment, typically pay more than alternative occupations and do not violate labour rights any more than domestic firms. In fact, he claims that due to pressure from environmental and labour lobbies in the rich countries, there is a race to the top that the poor countries resist because it reduces their competitiveness.   If one compares the wages paid by MNCs in the South to alternative employment opportunities available in the South, then of course, Bhagwati’s argument is correct. Indeed, it is nobody’s case (certainly none that I am aware of) that MNCs pay less for alternative occupations in the South and this is not the basis on which the charge of exploitation is based. The real issue, that Bhagwati does not address, is how the wages paid in the South compare with those paid for similar occupations in the North, even after adjusting for purchasing power parity. If they were not lower in the South thus compared, why would Northern companies outsource on a scale that earns them the wrath of their own workers and often even their governments? Clearly it is cheaper for them to get the same work done in the South than in their ...


Table of Contents >>
Please or to Read Entire Article
«BACK

Free Access Online 12 Back Issues
with 1 year's subscription
Archive (1976-2011)
under construction.