Globalization has several dimensions spanning the political, economic, social, and cultural. This multidimensionality has remained unarticulated in our understanding of globalization. What does globalization really mean? Is globalization necessary? How do we globalize? What are the costs and benefits involved? These complications in international political economy are the central issues of T.N. Srinivasan’s essays in this collection. Among the few intellectuals with a cellar vision on the subject, Srinivasan’s essays cover economic growth, development, international trade, poverty eradication, international financial architecture, and various aspects of India’s economic reforms, including the comparative reform experiences of India, China, and Pakistan. The essays provide a comprehensive view of efforts required by the developing economies towards globalization. They also highlight the distortions that come in the way of integrating domestic markets with the world economy. This volume will be useful to students and researchers of international economics, political economy, and development as well as to political scientists. Policymakers, trade analysts, development economists, and aid agencies will also find it enlightening.

Contents:
List of Tables and Figures vii;
List of Abbreviations viii;
Acknowledgements xiii;
1. Introduction N.S.S. Narayana 1;
PART I: GLOBALIZATION AND DEVELOPMENT 27;
2. Globalization, Growth, and the Poor With Jessica Seddon Wallack 29;
3. Trade, Development, and Growth 58;
4. Nondiscrimination in GATT/WTO: Was There Anything to Begin with and Is There Anything Left? 92;
5. Strengthening the International Financial Architecture 128;
PART II: GLOBALIZATION AND INDIAN REFORMS 149;
6. The Costs of Hesitant and Reluctant Globalization: India 151;
7. Development: Domestic Constraints and External Opportunities from Globalization 187;
8. The Draft Patent Law With Frederick M. Abbot and Amy Kapczynski 229;
9. India's Fiscal Situation: Is a Crisis Ahead? 234;
10. For Efficiency-enhancing Subsidies With Roger Noll 267;
11. Guaranteeing Employment: A Palliative? 271;
12. Information Technology Enabled Services and India's Growth Prospects 276;
13. The Muddles Over Outsourcing With Jagdish Bhagwati and Arvind Panagariya 314;
PART III: GLOBALIZATION AND INTERNATIONAL EXPERIENCE 345;
14. Economic Reforms and Global Integration 347;
15. Privatization, Regulation, and Competition in South Asia 403;
16. Democracy, Markets, Governance, and Development 438;
17. Challenges Facing the Indian Economy 480.