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Jagdish Bhagwati

January 14, 2023

Jagdish Natwarlal Bhagwati (born July 26, 1934) is an Indian-born naturalized American economist and one of the most influential trade theorists of his generation.[1][2][3] He is a University Professor of economics and law at Columbia University and a Senior Fellow in International Economics at the Council on Foreign Relations. He has made significant contributions to international trade theory and economic development.

He is widely regarded as the intellectual father of the Indian economic reforms of 1991. He is the only professor in American academia to have a chair named after him while he was still teaching at the university. He is one of only 10 scholars who hold the title of University Professor at Columbia University.[6] Bhagwati is the recipient of several prestigious awards, including the Order of the Rising Sun, Padma Vibhushan, Frank Seidman Distinguished Award in Political Economy and the Freedom Prize of Switzerland.[7]

In 2014, the Financial Times called him “one of the most outstanding economists of his generation never to have won the Nobel Prize”. This view is shared by his peers including Nobel Prize winning economist Paul Krugman, "The crucial point for me is that people didn’t understand at all clearly how distortions in a trading economy relate to policy before Jagdish spelled it out. Once he did, it became so clear that it was hard to believe that someone had to point it out. In my view, that makes his work Nobel-worthy."[8]

Early years and personal life

Bhagwati was born in 1934, into a Gujarati family in the Bombay Presidency during the British Raj. He is the son of Indian judge Natwarlal H. Bhagwati and the brother of P. N. Bhagwati, former Chief Justice of India and also of S.N. Bhagwati, an eminent neurosurgeon who served as the president of the Neurological Society of India.

Bhagwati attended St. Xavier’s High School and received a BCom from Sydenham College, Mumbai He then traveled to England to study at St. John's College, Cambridge, receiving a second BA at Cambridge (in economics) in 1956. Between 1957 and 1959 he studied at Nuffield College, Oxford. He received a PhD in economics from the Massachusetts Institute of Technology in 1967 for a thesis titled "Essays in International Economics," supervised by Charles P. Kindleberger. He has also received honorary degrees from the University of Sussex and Erasmus University, as well as others.

Bhagwati is married to Padma Desai, also a Columbia economist and Russia-specialist; they have one daughter. Bhagwati and Desai's joint 1970 OECD study India: Planning for Industrialization was a notable contribution at the time.[9]

Career

 
 

After completing his PhD, Bhagwati returned to India in 1961, first to teach briefly at the Indian Statistical Institute, Kolkata, and then as professor of international trade at Delhi School of Economics at the University of Delhi, from 1962 to 1968. He then returned to American academia and from 1968 until 1980, Bhagwati was the Ford International Professor of Economics at the Massachusetts Institute of Technology.[10]

From 1980 he taught economics at Columbia University, where he was Arthur Lehman Professor of Economics and Professor of Political Science and later University Professor, Economics and Law. He is one of the only 10 scholars who hold the title of University Professor at Columbia University.

Bhagwati is a Senior Fellow of the Council on Foreign Relations in New York and is a Member of the National Academy of Sciences and the American Philosophical Society. He currently serves on the Academic Advisory Board of Human Rights Watch (Asia) and on the board of scholars of the Centre for Civil Society.

He has held several important positions internationally, including special adviser to the United Nations on globalization, economic policy adviser to Arthur Dunkel-the director-general of General Agreement on Tariffs and Trade and external adviser to the World Trade Organization. He has also worked as a member of group appointed by the director-general of the WTO on the future of the WTO.

He was also a member of the advisory committee to UN Secretary General Kofi Annan on the New Partnership for Africa’s Development, an economic program accelerating economic co-operation and integration among African countries.

In May, 2004, Bhagwati was one of the experts who took part in the Copenhagen Consensus project.

In 2006, Bhagwati was a part of the Eminent Persons Group along with Brazilian President Fernando Henrique Cardoso on the future of United Nations Conference on Trade and Development (UNCTAD). In early 2010, Bhagwati joined the advisory board of the Institute for Migrant Rights in Indonesia.[11]

In 2000, Bhagwati was signatory to an amicus briefing, coordinated by the American Enterprise Institute, with the Supreme Court of the United States to contend that the Environmental Protection Agency should, contrary to a prior ruling, be allowed to take into account the costs of regulations when setting environmental standards.

In January 2004, Bhagwati published In Defense of Globalization, a book in which he argues that globalization, when properly governed, is the most powerful force for social good in the world today. He described how globalization helps the cause of women, reduces child labor and increases literacy. He makes a point that:

... this process [of globalization] has a human face, but we need to make that face more agreeable.

Jagdish Bhagwati was the fictional winner of the Nobel Prize in Economics in The Simpsons episode Elementary School Musical (The Simpsons).

Awards, honors and commentary

Nobel laureate Paul Samuelson, on the occasion of Bhagwati's 70th birthday festschrift conference in Gainesville, Florida in January 2005 said:

I measure a scholar's prolific-ness not by the mere number of his publishings. Just as the area of a rectangle equals its width times its depth, the quality of a lifetime accomplishment must weight each article by its novelties and wisdoms. ... Jagdish Bhagwati is more like Haydn: a composer of more than a hundred symphonies and no one of them other than top notch. ... In the struggle to improve the lot of mankind, whether located in advanced economies or in societies climbing the ladder out of poverty, Jagdish Bhagwati has been a tireless partisan of that globalization which elevates global total-factor – productivities both of richest America and poorest regions of Asia and Africa.[15]

Other awards include the Bernhard Harms Prize (Germany), the Kenan Enterprise Award (United States), the Freedom Prize (Switzerland), and the John R. Commons Award (United States). He has also received honorary degrees from the University of Sussex and Erasmus University, as well as others.[16][17]

Bibliography

Books

  • Jagdish Bhagwati, Arvind Panagariya (2013). Why Growth Matters: How Economic Growth in India Reduced Poverty and the Lessons for Other Developing Countries. PublicAffairs. ISBN 978-1-61-039271-6.
  • Jagdish Bhagwati, Arvind Panagariya (2013). India's Tryst with Destiny: Debunking the Myths that Undermine Progress and Addressing New Challenges. HarperCollins. ISBN 978-9350295854.
  • Jagdish Bhagwati (2008). Termites in the Trading System: How Preferential Agreements Undermine Free Trade. Oxford University Press. ISBN 978-0-19-533165-3.
  • Jagdish Bhagwati (2007). In Defense of Globalization. Oxford University Press. ISBN 978-0195330939.
  • Bhagwati, Jagdish (2003). Free Trade Today. Princeton University Press. ISBN 978-0691117300.
  • Jagdish Bhagwati (2002). The Wind of the Hundred Days: How Washington Mismanaged Globalization. MIT Press. ISBN 0-262-52327-2.
  • James H. Mathis, Jagdish Bhagwati (Foreword) (2002). Regional Trade Agreements in the GATT/WTO: Article XXIV and the Internal Trade Requirement. Norwell/TMC Asser Press. ISBN 90-6704-139-4.
  • Jagdish N. Bhagwati (Editor), Robert E. Hudec (Editor) (1996). Fair Trade and Harmonization, Vol. 1: Economic Analysis. MIT Press. ISBN 0-262-02401-2. {{cite book}}: |author= has generic name (help)
  • Jagdish N. Bhagwati (editor) (1977) The New International Economic Order: The North-South Debate. ISBN 0-262-52042-7.
  • Jagdish N. Bhagwati, ed. (1972). Economics and World Order from the 1970s to the 1990s. MacMillan. ISBN 978-0029034705.

Articles

See also

References

  1. ^ a b Levy, Philip I.; Barfield, Claude (16 October 2011), Swap: How Trade Works, American Enterprise Institute Press, p. 111, ISBN 978-0-8447-7207-3, For a thorough assessment of the challenges presented by trade and the environment by an author brought up in India but now a U.S. citizen, see Jagdish Bhagwati, In Defense of Globalization (Oxford: Oxford University Press, 2004)
  2. ^ a b Heilemann, John (August 1, 2004). "Gearing Ourselves for Globalization Free trade isn't the cause of the world's ills, says Columbia professor Jagdish Bhagwati. It's the best cure we have for them--if only we can stomach it". Fortune Magazine. Retrieved 18 March 2017. His name may not be immediately familiar, but anyone interested in understanding globalization ought to be acquainted with Jagdish Bhagwati. Born in India, schooled in Britain, and now an American citizen, Bhagwati is an international economist and one of only 10 scholars who hold the title of University Professor at Columbia.
  3. ^ a b Drezner, Daniel W. (August 18, 2004). "Review of "In Defense of Globalization" by Jagdish Bhagwati, New York: Oxford University Press". New York Times. If anyone can rise to this challenge, it should be Jagdish Bhagwati. An esteemed international economist, Bhagwati is a university professor at Columbia and a senior fellow at the Council on Foreign Relations. He has advised the World Trade Organization and the United Nations. Born in India, educated in Britain and now an American citizen, he can claim to understand all points of view.
  4. ^ Bhagwati, Jagdish N. (11 May 1967). Essays in international economics (Thesis). Massachusetts Institute of Technology. hdl:1721.1/61807.
  5. ^ "PDS login". library.mit.edu.
  6. ^ Heilemann, John (August 1, 2004). "Gearing Ourselves for Globalization Free trade isn't the cause of the world's ills, says Columbia professor Jagdish Bhagwati. It's the best cure we have for them--if only we can stomach it". Fortune Magazine. Retrieved 18 March 2017. His name may not be immediately familiar, but anyone interested in understanding globalization ought to be acquainted with Jagdish Bhagwati. Born in India, schooled in Britain, and now an American citizen, Bhagwati is an international economist and one of only 10 scholars who hold the title of University Professor at Columbia.
  7. ^ "Jagdish Bhagwati". American Academy. Retrieved 2022-06-22.
  8. ^ "Finance and Development". Finance and Development | F&D. Retrieved 2022-06-15.
  9. ^ [1] November 22, 2010, at the Wayback Machine
  10. ^ [2] August 3, 2004, at the Wayback Machine
  11. ^ "The Institute for Migrant Rights". Retrieved 6 November 2014.
  12. ^ "Book of Members, 1780–2010: Chapter B" (PDF). American Academy of Arts and Sciences. Retrieved June 25, 2011.
  13. ^ "APS Member History". search.amphilsoc.org. Retrieved 2021-12-20.
  14. ^ "Jagdish N. Bhagwati". www.nasonline.org. Retrieved 2021-12-20.
  15. ^ Paul A. Samuelson. (PDF). Columbia.edu. Archived from the original (PDF) on 26 June 2010. Retrieved 6 November 2014.
  16. ^ [3] March 6, 2007, at the Wayback Machine
  17. ^ [4] September 27, 2006, at the Wayback Machine

External links

 
Wikimedia Commons has media related to Jagdish Bhagwati.
 
Wikiquote has quotations related to Jagdish Bhagwati.
  • Homepage of Professor Jagdish Bhagwati, Columbia University website, accessed March 2004.
  • Appearances on C-SPAN
  • Works by or about Jagdish Bhagwati in libraries (WorldCat catalog)
  • Jagdish Bhagwati collected news and commentary at The New York Times

January 14, 2023
jagdish, bhagwati, jagdish, natwarlal, bhagwati, born, july, 1934, indian, born, naturalized, american, economist, most, influential, trade, theorists, generation, university, professor, economics, columbia, university, senior, fellow, international, economics. Jagdish Natwarlal Bhagwati born July 26 1934 is an Indian born naturalized American economist and one of the most influential trade theorists of his generation 1 2 3 He is a University Professor of economics and law at Columbia University and a Senior Fellow in International Economics at the Council on Foreign Relations He has made significant contributions to international trade theory and economic development Jagdish BhagwatiBorn 1934 07 26 July 26 1934 age 88 Bombay British IndiaCitizenshipUnited States 1 2 3 SpousePadma DesaiInstitutionColumbia UniversityIndian Statistical InstituteDelhi School of EconomicsMITSydenham CollegeFieldInternational economics globalization free tradeSchool ortraditionNeoclassical economicsAlma materSyndenham College Bombay BA St John s College Cambridge BA Massachusetts Institute of Technology PhD DoctoraladvisorCharles P Kindleberger 4 DoctoralstudentsGene Grossman 5 Caroline FreundInfluencesRobert SolowAwardsPadma VibhushanHe is widely regarded as the intellectual father of the Indian economic reforms of 1991 He is the only professor in American academia to have a chair named after him while he was still teaching at the university He is one of only 10 scholars who hold the title of University Professor at Columbia University 6 Bhagwati is the recipient of several prestigious awards including the Order of the Rising Sun Padma Vibhushan Frank Seidman Distinguished Award in Political Economy and the Freedom Prize of Switzerland 7 In 2014 the Financial Times called him one of the most outstanding economists of his generation never to have won the Nobel Prize This view is shared by his peers including Nobel Prize winning economist Paul Krugman The crucial point for me is that people didn t understand at all clearly how distortions in a trading economy relate to policy before Jagdish spelled it out Once he did it became so clear that it was hard to believe that someone had to point it out In my view that makes his work Nobel worthy 8 Contents 1 Early years and personal life 2 Career 3 Awards honors and commentary 4 Bibliography 4 1 Books 4 2 Articles 5 See also 6 References 7 External linksEarly years and personal life EditBhagwati was born in 1934 into a Gujarati family in the Bombay Presidency during the British Raj He is the son of Indian judge Natwarlal H Bhagwati and the brother of P N Bhagwati former Chief Justice of India and also of S N Bhagwati an eminent neurosurgeon who served as the president of the Neurological Society of India Bhagwati attended St Xavier s High School and received a BCom from Sydenham College Mumbai He then traveled to England to study at St John s College Cambridge receiving a second BA at Cambridge in economics in 1956 Between 1957 and 1959 he studied at Nuffield College Oxford He received a PhD in economics from the Massachusetts Institute of Technology in 1967 for a thesis titled Essays in International Economics supervised by Charles P Kindleberger He has also received honorary degrees from the University of Sussex and Erasmus University as well as others Bhagwati is married to Padma Desai also a Columbia economist and Russia specialist they have one daughter Bhagwati and Desai s joint 1970 OECD study India Planning for Industrialization was a notable contribution at the time 9 Career Edit After completing his PhD Bhagwati returned to India in 1961 first to teach briefly at the Indian Statistical Institute Kolkata and then as professor of international trade at Delhi School of Economics at the University of Delhi from 1962 to 1968 He then returned to American academia and from 1968 until 1980 Bhagwati was the Ford International Professor of Economics at the Massachusetts Institute of Technology 10 From 1980 he taught economics at Columbia University where he was Arthur Lehman Professor of Economics and Professor of Political Science and later University Professor Economics and Law He is one of the only 10 scholars who hold the title of University Professor at Columbia University Bhagwati is a Senior Fellow of the Council on Foreign Relations in New York and is a Member of the National Academy of Sciences and the American Philosophical Society He currently serves on the Academic Advisory Board of Human Rights Watch Asia and on the board of scholars of the Centre for Civil Society He has held several important positions internationally including special adviser to the United Nations on globalization economic policy adviser to Arthur Dunkel the director general of General Agreement on Tariffs and Trade and external adviser to the World Trade Organization He has also worked as a member of group appointed by the director general of the WTO on the future of the WTO He was also a member of the advisory committee to UN Secretary General Kofi Annan on the New Partnership for Africa s Development an economic program accelerating economic co operation and integration among African countries In May 2004 Bhagwati was one of the experts who took part in the Copenhagen Consensus project In 2006 Bhagwati was a part of the Eminent Persons Group along with Brazilian President Fernando Henrique Cardoso on the future of United Nations Conference on Trade and Development UNCTAD In early 2010 Bhagwati joined the advisory board of the Institute for Migrant Rights in Indonesia 11 In 2000 Bhagwati was signatory to an amicus briefing coordinated by the American Enterprise Institute with the Supreme Court of the United States to contend that the Environmental Protection Agency should contrary to a prior ruling be allowed to take into account the costs of regulations when setting environmental standards In January 2004 Bhagwati published In Defense of Globalization a book in which he argues that globalization when properly governed is the most powerful force for social good in the world today He described how globalization helps the cause of women reduces child labor and increases literacy He makes a point that this process of globalization has a human face but we need to make that face more agreeable Jagdish Bhagwati was the fictional winner of the Nobel Prize in Economics in The Simpsons episode Elementary School Musical The Simpsons Awards honors and commentary EditMahalanobis Memorial Medal of the Indian Econometric Society 1974 Fellow of the American Academy of Arts and Sciences 1982 12 Member of the American Philosophical Society 1995 13 Seidman Distinguished Award in International Political Economy 1998 Padma Vibhushan Award 2000 Lifetime Achievement Award of the Indian Chamber of Commerce 2004 Order of the Rising Sun Gold and Silver Star 2006 Member of the National Academy of Sciences 2012 14 Nobel laureate Paul Samuelson on the occasion of Bhagwati s 70th birthday festschrift conference in Gainesville Florida in January 2005 said I measure a scholar s prolific ness not by the mere number of his publishings Just as the area of a rectangle equals its width times its depth the quality of a lifetime accomplishment must weight each article by its novelties and wisdoms Jagdish Bhagwati is more like Haydn a composer of more than a hundred symphonies and no one of them other than top notch In the struggle to improve the lot of mankind whether located in advanced economies or in societies climbing the ladder out of poverty Jagdish Bhagwati has been a tireless partisan of that globalization which elevates global total factor productivities both of richest America and poorest regions of Asia and Africa 15 Other awards include the Bernhard Harms Prize Germany the Kenan Enterprise Award United States the Freedom Prize Switzerland and the John R Commons Award United States He has also received honorary degrees from the University of Sussex and Erasmus University as well as others 16 17 Bibliography EditThis section needs expansion You can help by adding to it December 2009 Books Edit Jagdish Bhagwati Arvind Panagariya 2013 Why Growth Matters How Economic Growth in India Reduced Poverty and the Lessons for Other Developing Countries PublicAffairs ISBN 978 1 61 039271 6 Jagdish Bhagwati Arvind Panagariya 2013 India s Tryst with Destiny Debunking the Myths that Undermine Progress and Addressing New Challenges HarperCollins ISBN 978 9350295854 Jagdish Bhagwati 2008 Termites in the Trading System How Preferential Agreements Undermine Free Trade Oxford University Press ISBN 978 0 19 533165 3 Jagdish Bhagwati 2007 In Defense of Globalization Oxford University Press ISBN 978 0195330939 Bhagwati Jagdish 2003 Free Trade Today Princeton University Press ISBN 978 0691117300 Jagdish Bhagwati 2002 The Wind of the Hundred Days How Washington Mismanaged Globalization MIT Press ISBN 0 262 52327 2 James H Mathis Jagdish Bhagwati Foreword 2002 Regional Trade Agreements in the GATT WTO Article XXIV and the Internal Trade Requirement Norwell TMC Asser Press ISBN 90 6704 139 4 Jagdish N Bhagwati Editor Robert E Hudec Editor 1996 Fair Trade and Harmonization Vol 1 Economic Analysis MIT Press ISBN 0 262 02401 2 a href Template Cite book html title Template Cite book cite book a author has generic name help Jagdish N Bhagwati editor 1977 The New International Economic Order The North South Debate ISBN 0 262 52042 7 Jagdish N Bhagwati ed 1972 Economics and World Order from the 1970s to the 1990s MacMillan ISBN 978 0029034705 Articles Edit Bhagwati Jagdish March 1964 The Pure Theory of International Trade A Survey The Economic Journal 74 293 1 84 doi 10 2307 2228112 JSTOR 2228112 Bhagwati Jagdish November 1993 The Case for Free Trade Scientific American 269 5 18 23 Bibcode 1993SciAm 269e 42B doi 10 1038 scientificamerican1193 42 Bhagwati Jagdish Fall 2009 Feeble Critiques Capitalism s Petty Detractors World Affairs doi 10 3200 WAFS 172 2 36 45 Bhagwati Jagdish 2008 Protectionism In David R Henderson ed Concise Encyclopedia of Economics 2nd ed Indianapolis Library of Economics and Liberty ISBN 978 0865976658 OCLC 237794267 See also EditGlobalization Indians in the New York City metropolitan area Spaghetti Bowl EffectReferences Edit a b Levy Philip I Barfield Claude 16 October 2011 Swap How Trade Works American Enterprise Institute Press p 111 ISBN 978 0 8447 7207 3 For a thorough assessment of the challenges presented by trade and the environment by an author brought up in India but now a U S citizen see Jagdish Bhagwati In Defense of Globalization Oxford Oxford University Press 2004 a b Heilemann John August 1 2004 Gearing Ourselves for Globalization Free trade isn t the cause of the world s ills says Columbia professor Jagdish Bhagwati It s the best cure we have for them if only we can stomach it Fortune Magazine Retrieved 18 March 2017 His name may not be immediately familiar but anyone interested in understanding globalization ought to be acquainted with Jagdish Bhagwati Born in India schooled in Britain and now an American citizen Bhagwati is an international economist and one of only 10 scholars who hold the title of University Professor at Columbia a b Drezner Daniel W August 18 2004 Review of In Defense of Globalization by Jagdish Bhagwati New York Oxford University Press New York Times If anyone can rise to this challenge it should be Jagdish Bhagwati An esteemed international economist Bhagwati is a university professor at Columbia and a senior fellow at the Council on Foreign Relations He has advised the World Trade Organization and the United Nations Born in India educated in Britain and now an American citizen he can claim to understand all points of view Bhagwati Jagdish N 11 May 1967 Essays in international economics Thesis Massachusetts Institute of Technology hdl 1721 1 61807 PDS login library mit edu Heilemann John August 1 2004 Gearing Ourselves for Globalization Free trade isn t the cause of the world s ills says Columbia professor Jagdish Bhagwati It s the best cure we have for them if only we can stomach it Fortune Magazine Retrieved 18 March 2017 His name may not be immediately familiar but anyone interested in understanding globalization ought to be acquainted with Jagdish Bhagwati Born in India schooled in Britain and now an American citizen Bhagwati is an international economist and one of only 10 scholars who hold the title of University Professor at Columbia Jagdish Bhagwati American Academy Retrieved 2022 06 22 Finance and Development Finance and Development F amp D Retrieved 2022 06 15 1 Archived November 22 2010 at the Wayback Machine 2 Archived August 3 2004 at the Wayback Machine The Institute for Migrant Rights Retrieved 6 November 2014 Book of Members 1780 2010 Chapter B PDF American Academy of Arts and Sciences Retrieved June 25 2011 APS Member History search amphilsoc org Retrieved 2021 12 20 Jagdish N Bhagwati www nasonline org Retrieved 2021 12 20 Paul A Samuelson Jagdish Bhagwati the wunderkind who became the tireless theorist of international trade PDF Columbia edu Archived from the original PDF on 26 June 2010 Retrieved 6 November 2014 3 Archived March 6 2007 at the Wayback Machine 4 Archived September 27 2006 at the Wayback MachineExternal links Edit Wikimedia Commons has media related to Jagdish Bhagwati Wikiquote has quotations related to Jagdish Bhagwati Homepage of Professor Jagdish Bhagwati Columbia University website accessed March 2004 Appearances on C SPAN Works by or about Jagdish Bhagwati in libraries WorldCat catalog Jagdish Bhagwati collected news and commentary at The New York Times Retrieved from https en wikipedia org w index php title Jagdish Bhagwati amp oldid 1129400065, wikipedia, wiki, book, books, library,

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