Professor Jagdish Bhagwati is without question one of the world’s leading economists and an authority on the principles and practice of foreign trade. In his extensive research over the past forty years he has made seminal contributions to trade theory and policy, public finance, the new...

Critics have muddled the public debate over offshore outsourcing by using the term interchangeably to refer to altogether different phenomena such as on-line purchase of services, direct foreign investment and, sometimes, all imports. We argue that clarity requires distinguishing among these...