The Miracles of Globalization: Free Trade's Proponents Strike Back
(Foreign Affairs, September-October 2004). Review Essay on Why Globalization Works by Martin Wolf. Having lost some ground in the 1990s, today, advocates of globalization are gaining the upper hand again. Bhagwati's strikingly successful defense of open markets in his recent book In Defense of Globalization has been bolstered by another influential pro-globalization voice, that of Martin Wolf of the Financial Times. His ambitious new book, Why Globalization Works, offers a patient and persuasive refutation of many of the arguments most frequently marshaled by critics of trade liberalization.