Jagdish Bhagwati on Free Trade

Jagdish Bhagwati can be called as The Globalization Guru Here are his views on Indian Economy in a Globalized World.  He talks about reforms in India and also distinguishes between Free Trade of Goods and Services with Free Trade in Capital Flows.He talks about financial innovation which is leading to creative destruction like forcing people to take more risks. What are the strucutral problems in the world economy?.

How is Outsourcing jobs to India and china is helping the world economy?Is US really taking a protectionist position related to International Trade.?Not much but to some extent ,cause it has to protect the incomes of people over there. He says "If income falls ..Trade falls and sometimes it will lead to financial collapse". I guess that's is what is worrying uncle helicopter Ben

 

Note: I am reading few of his works..so expect couple of posts on Trade related stuff and also if anyone finds this please share it with me