Jagdish Natwarlal Bhagwati (born July 26, 1934) is an India-born naturalized American economist and University Professor of economics and law at Columbia University. Bhagwati’s research includes international trade and he is an advocate of free trade.
Early years and personal life
Bhagwati was born in 1934, into a Gujarati family in the Bombay Presidency during the British Raj, 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 Ph.D. in economics from the Massachusetts Institute of Technology in 1961 for a thesis titled “Essays in International Economics”, supervised by Charles P. Kindleberger.
Bhagwati is married to Padma Desai, also a Columbia economist and Russia-specialist; they have one daughter. He is the brother of P.N. Bhagwati, former Chief Justice of India and also of S.N. Bhagwati, an eminent neurosurgeon. Bhagwati and Desai’s joint 1970 OECD study India: Planning for Industrialization was a notable contribution at the time.
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 the Delhi School of Economics at the University of Delhi, from 1962 to 1968. From 1968 until 1980, Bhagwati was an economics professor at the Massachusetts Institute of Technology. Bhagwati 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 is a Senior Fellow of the Council on Foreign Relations. Bhagwati has previously served as an external advisor to the Director General of the World Trade Organization in 2001, as a special policy advisor on globalization to the United Nations in 2000, and as an economics policy advisor to the Director-General of the General Agreement on Tariffs and Trade, from 1991 to 1993.
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:
… this process [of globalization] has a human face, but we need to make that face more agreeable.
In May, 2004, Bhagwati was one of the experts who took part in the Copenhagen Consensus project.
In 2006, Bhagwati was a member of the Panel of Eminent Persons who reviewed the work of the United Nations Conference on Trade and Development (UNCTAD). In early 2010, Bhagwati joined the advisory board of the Institute for Migrant Rights, Cianjur – Indonesia.
At present, he is professor of economics and law at Columbia University.
Awards, honors and commentary
- Mahalanobis Memorial Medal of the Indian Econometric Society (1974)
- Fellow of the American Academy of Arts and Sciences(1982)
- Seidman Distinguished Award in International Political Economy (1998)
- Padma VibhushanAward (2000)
- Lifetime Achievement Award of the Indian Chamber of Commerce (2004)
- Order of the Rising Sun, Gold and Silver Star (2006)
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.
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.
- Jagdish Bhagwati, Arvind Panagariya (2013). Why Growth Matters: How Economic Growth in India Reduced Poverty and the Lessons for Other Developing Countries. PublicAffairs. ISBN978-1-61-039271-6.
- Jagdish Bhagwati, Arvind Panagariya (2013). India’s Tryst with Destiny: Debunking the Myths that Undermine Progress and Addressing New Challenges. HarperCollins. ISBN978-9350295854.
- Jagdish Bhagwati (2008). Termites in the Trading System: How Preferential Agreements Undermine Free Trade. Oxford University Press. ISBN978-0-19-533165-3.
- Jagdish Bhagwati (2007). In Defense of Globalization. Oxford University Press. ISBN978-0195330939.
- Bhagwati, Jagdish (2003). Free Trade Today. Princeton University Press. ISBN978-0691117300.
- Jagdish Bhagwati (2002). The Wind of the Hundred Days: How Washington Mismanaged Globalization. MIT Press. ISBN0-262-52327-2.
- 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. ISBN90-6704-139-4.
- Jagdish N. Bhagwati (Editor), Robert E. Hudec (Editor) (1996). Fair Trade and Harmonization, Vol. 1: Economic Analysis. MIT Press. ISBN0-262-02401-2.
- Jagdish N. Bhagwati (editor) (1977) The New International Economic Order: The North-South Debate. ISBN0-262-52042-7.
- Jagdish N. Bhagwati (Editor) (1972). Economics and World Order from the 1970s to the 1990s. MacMillan. ISBN978-0029034705.
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:269e..42B. doi:10.1038/scientificamerican1193-42.
- Bhagwati, Jagdish (Fall 2009). “Feeble Critiques: Capitalism’s Petty Detractors”. World Affairs. doi: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