These papers, by a number of leading international-trade theorists, present the first significant theoretical work to be done on a topic of considerable interest, import competition. Nine theoretical papers, on topics ranging from protectionist lobbying to adjustment costs, are synthesized in...

1. Growth of development economics -- 2. Development and planning -- 3. Income distribution and regional development -- 4. Development and international trade -- 5. Cost-benefit analysis -- 6. Labour productivity : international differences and short-run behaviour -- 7. Value theory.

In the passionate debate that currently rages over globalization, critics have been heard blaming it for a host of ills afflicting poorer nations, everything from child labor to environmental degradation and cultural homogenization. Now Jagdish Bhagwati, the internationally renowned economist,...