The Wind of the Hundred Days: How Washington Mismanaged Globalization
Average customer rating: 4 out of 5 stars
  • Short-term Capital Flows Opposed
  • The voice of a cheerful partisan for free trade
  • The Book of the Hundred Similar Essays
The Wind of the Hundred Days: How Washington Mismanaged Globalization
Jagdish Bhagwati
Manufacturer: The MIT Press
ProductGroup: Book
Binding: Hardcover

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ASIN: 0262024950

Book Description

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.

Customer Reviews:

4 out of 5 stars Short-term Capital Flows Opposed.......2002-08-27

Okay, I would have given 5 stars , but I wrote a "rave review" for Professor Bhagwati's other collection of articles ( Stream of Windows). So I am holding back on this one.

This collection is a collection of more recent essays. To a large extent he deals with much of the same issues as in Stream of Windows - are Free Trade Agreements ( what he calls Preferential Trade Agreements) really free trade? Is the "blue" and "green" protectionism based on solid arguments or incomplete analysis? etc

The one new section is on Capital Controls. There is a series of articles , especially his famous/notorious Foreign Affairs article, where he argues that while trade in goods and services has gains that have been demonstrated, those in short-term capital haven't been so unambiguously demonstrated. Therefore he advises restraint about capital account convertibility to those who haven't done so already. His caution is based not just on the irrationalities of the 97 East Asia crisis , but also on careful analyses by several economists which show that speculators who bet against a country's fundamentals are not (necessarily) punished. They can actually change the fundamentals. Therefore short-term capital flow can have noxious effects not associated with trade in goods and services.

Anyway, good collection, yes repetitive (as another reader says) like the Stream of Windows , but ultimately good reading about careful thoughts on globalization , as opposed to all this pop-literature floating around. Some intellectual discipline for a layman like me.

4 out of 5 stars The voice of a cheerful partisan for free trade.......2001-09-28

Columbia Economist Jagdish Bhagwati is an funny, intelligent, and highly persuasive writer on free trade. He argues (among other things) that we should separate the economic agenda of the WTO from other social, moral, and environmental agendas, and that those who oppose free trade effectively undermine the social goals they seek to support. Like his student Paul Krugman, Bhagwati has a gift for making complex economic arguments seem transparent to non-economists. The issues are *not* really transparent, and readers who desire a balanced view should read opposing voices as well. But opponents of free trade and the WTO must lend Bhagwati's arguments an ear and an open mind. This book is an enjoyable "must read," and might serve as an introduction to Bhagwati's more technical works.

4 out of 5 stars The Book of the Hundred Similar Essays.......2001-06-29

Is FTAA a good idea? Which topics should be covered in future trade talks? Bhagwati will help you structure your ideas on trade. He will teach you how trade talks should develop, and which of the recent happenings in this field that are purely Pyrrhus victories. On the way, you will also enjoy the usual pie-throwing among economists. Unfortunately, you might also come across an instance when an argument is backed by poor evidence - which is a shame when there ought to be plenty of good evidence available.

If only all those opposing free trade would feel a need to inform themselves, this book could help (as could a basic course in macroeconomics). But this book is compiled of several all too similar essays, which is why I hope Bhagwati writes more soon. Reading this book is like dipping only your toe in the water on a hot summer day.
The Wind of the Hundred Days.(critique of American-led globalization process)(Review) : An article from: Finance & Development
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    The Wind of the Hundred Days.(critique of American-led globalization process)(Review) : An article from: Finance & Development
    Deena Khatkhate
    Manufacturer: International Monetary Fund
    ProductGroup: Book
    Binding: Digital

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    ASIN: B0009FGNZM
    Release Date: 2005-07-28

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    This digital document is an article from Finance & Development, published by International Monetary Fund on September 1, 2001. The length of the article is 836 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

    Citation Details
    Title: The Wind of the Hundred Days.(critique of American-led globalization process)(Review)
    Author: Deena Khatkhate
    Publication: Finance & Development (Magazine/Journal)
    Date: September 1, 2001
    Publisher: International Monetary Fund
    Volume: 38 Issue: 3 Page: 57

    Article Type: Book Review

    Distributed by Thomson Gale
    The Wind of the Hundred Days: How Washington Mismanaged Globalization
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      The Wind of the Hundred Days: How Washington Mismanaged Globalization
      Jagdish N Bhagwati
      Manufacturer: The MIT Press
      ProductGroup: Book
      Binding: Paperback
      ASIN: B000OR0AUY
      The Wind of the Hundred Days: How Washington Mismanaged Globalization
      Average customer rating: Not rated
        The Wind of the Hundred Days: How Washington Mismanaged Globalization
        Jagdish N. Bhagwati
        Manufacturer: The MIT Press
        ProductGroup: Book
        Binding: Paperback
        ASIN: B000OQM0KS

        Collaborative Entrepreneurship: How Communities of Networked Firms Use Continuous Innovation to Create Economic Wealth
        Average customer rating: 5 out of 5 stars
        • A guidebook for 21st organizational forms
        Collaborative Entrepreneurship: How Communities of Networked Firms Use Continuous Innovation to Create Economic Wealth
        Raymond Miles , Grant Miles , and Charles Snow
        Manufacturer: Stanford University Press
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        Release Date: 2005-06-01

        Book Description

        Anticipating the future environment of business, Collaborative Entrepreneurship discusses a revolutionary new competitive strategy of continuous innovation that fulfills the need for efficient provision of a constant stream of new products, services, and markets. The book explains how firms can build a collaborative community within which they can freely share in the creation of wealth through innovation with the assurance that the wealth they create will be equitably distributed.

        Today, the ability of firms to innovate is restricted by barriers both inside the firm and within their existing markets—barriers that produce limited knowledge utilization and incremental innovations. Collaborative Entrepreneurship describes how these barriers can be overcome so that shared knowledge can drive continuous, sustained innovation across a network of firms and markets.

        Customer Reviews:

        5 out of 5 stars A guidebook for 21st organizational forms.......2006-07-18

        I have worked with Dr Raymond Miles for almost a decade on and off sharing ideas but mostly learning about organizational forms and their impact on strategy. As he, Dr Charles Snow and Dr Grant Miles were researching and publishing papers for what would ultimately be this book, I became intrigued with the results of their work. Primarily two concepts: 1. Open Source communities function because a few important "behavioral protocols" are in place, understood by the community and agreed to, even if implicitly. 2. This new organizational form can be replicated or repurposed to form communities capable of new strategies unavailable to classical organizations.

        I have used this book as a guidebook for understanding the new organizational form and the company that I run, Syndicom, has successfully created a community of 250 spine surgeons (growing rapidly) from 6 countries. We were told many times that this could not be done, that the road was littered with failed attempts to create the kind of community we created. I am convinced we succeeded becuase of the lessons learned by Miles, Snow and Miles and reported in this book.

        Read it with an open mind, and a world of opportunity will open to you.

        Pig Production: Biological Principles and Applications
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          Manufacturer: Cengage Delmar Learning
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          Unparalleled in print, Pig Production: Biological Principles and Applications covers topics ranging from genetics, reproduction, nutrition and growth, to timely and modern discussions on human resource management and social farming issues. For managers of small family farms or corporate establishments who need to combine their understanding of basic pig biology with real-world applications, this book is an invaluable resource for understanding business strategies in promoting pig production, and applying methodologies that boost production efficiencies. Beneficial for training programs, reference, or problem-solving, it covers the basics and beyond in modern pig production.

          Mechanics of the Cell
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              Advanced Thermophotovoltaic Cells Modeling, Optimized for Use in Radioisotope Thermoelectric Generators (RTGs) for Mars and Deep Space Missions
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                The Biodegradation Characteristics of Proposed Fuel Systems Icing Inhibitors (FSII)
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                  Manufacturer: Storming Media
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                  Binding: Spiral-bound
                  ASIN: 1423576608

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                  This is a AIR FORCE INST OF TECH WRIGHT-PATTERSON AFB OH report procured by the Pentagon and made available for public release. It has been reproduced in the best form available to the Pentagon. It is not spiral-bound, but rather assembled with Velobinding in a soft, white linen cover. The Storming Media report number is A301523. The abstract provided by the Pentagon follows: The biodegradation characteristics of three fuel system icing ihhibitors (FSII) were evaluated. FSII are jet fuel additives that partition into water readily and are present in the water drained from storage tank bottoms in concentrations approaching 40%. These concentrations raise concerns as to the disposal and handling of these wastes. The current FSII, DiEGME was evaluated along with two new candidates, dipropylene glycol and glycerol formal. DiEGME appeared to be moderately but not completely biodegradable. It is likely that much of it would be removed in a wastewater treatment plant. Dipropylene glycol only showed signs of degradation after more than three weeks at which point it degraded moderately well. The third FSII, glycerol formal did not show any signs of biodegradability during the five week period of testing. Preliminary toxicity and inhibitory tests were carried out for these chemicals at high and low concentrations. DiEGME appeared to be most toxic to microorganisms at high concentrations, dipropylene glycol show moderate toxicity, and glycerol formal showed little. At low concentrations, none of the chemicals appeared to inhibit the activity of microorganisms.
                  Bioengineering in Cell and Tissue Research
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                    Manufacturer: Springer
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                        Manufacturer: Springer
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                              ASIN: 3764377038

                              Book Description

                              This monograph aims at giving a presentation of recent and new ideas that arise from the problems of planar fluid dynamics and which are interesting from the point of view of geometric function theory and potential theory. In particular, this book is concerned with geometric problems for Hele-Shaw flows. Also Hele-Shaw flows on parameter spaces (e.g., the Teichmüller space) are treated and connections with string theory are revealed. Ultimately, the interaction between several branches of complex and potential analysis, and planar fluid mechanics is discussed. For most parts of this book the background provided by graduate courses in real and complex analysis, in particular, the theory of conformal mappings and in fluid mechanics is assumed. There are some historical remarks concerning the people that have contributed to the topic. The book is as self-contained as possible.

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