Jagdish Bhagwati

Jagdish Bhagwati
Born (1934-07-26) July 26, 1934 (age 90)
Bombay, Bombay State, British India (present-day Mumbai, Maharashtra, India)
CitizenshipUnited States[3][4][5]
SpousePadma Desai
Academic career
FieldInternational economics, globalization, free trade
InstitutionColumbia University
Indian Statistical Institute
Delhi School of Economics
MIT
Sydenham College
School or
tradition		Neoclassical economics
Alma materSydenham College, Bombay (BA)
St John's College, Cambridge (BA)
Massachusetts Institute of Technology (PhD)
Doctoral
advisor		Charles P. Kindleberger[1]
Doctoral
students		Gene Grossman[2]
Caroline Freund
InfluencesRobert Solow
AwardsPadma Vibhushan

Jagdish Natwarlal Bhagwati (born July 26, 1934) is an Indian-born naturalized American economist and one of the most influential trade theorists of his generation.[3][4][5] He is a University Professor of economics and law at Columbia University and a Senior Fellow in International Economics at the Council on Foreign Relations. He has made significant contributions to international trade theory and economic development.

He is widely regarded as the intellectual father of the Indian economic reforms of 1991. He is one of the few professors in American academia to have a chair named after him while he was still teaching at the university. He is one of only 10 scholars who hold the title of University Professor at Columbia University.[6] Bhagwati is the recipient of several prestigious awards, including the Order of the Rising Sun, Padma Vibhushan, Frank Seidman Distinguished Award in Political Economy and the Freedom Prize of Switzerland.[7]

In 2014, the Financial Times called him “one of the most outstanding economists of his generation never to have won the Nobel Prize”. This view is shared by his peers including Nobel Prize winning economist Paul Krugman, "The crucial point for me is that people didn’t understand at all clearly how distortions in a trading economy relate to policy before Jagdish spelled it out. Once he did, it became so clear that it was hard to believe that someone had to point it out. In my view, that makes his work Nobel-worthy."[8]

  1. ^ Bhagwati, Jagdish N. (11 May 1967). Essays in international economics (Thesis). Massachusetts Institute of Technology. hdl:1721.1/61807.
  2. ^ "PDS login". library.mit.edu.
  3. ^ a b Levy, Philip I.; Barfield, Claude (16 October 2011), Swap: How Trade Works, American Enterprise Institute Press, p. 111, ISBN 978-0-8447-7207-3, For a thorough assessment of the challenges presented by trade and the environment by an author brought up in India but now a U.S. citizen, see Jagdish Bhagwati, In Defense of Globalization (Oxford: Oxford University Press, 2004)
  4. ^ a b Heilemann, John (August 1, 2004). "Gearing Ourselves for Globalization Free trade isn't the cause of the world's ills, says Columbia professor Jagdish Bhagwati. It's the best cure we have for them--if only we can stomach it". Fortune Magazine. Archived from the original on March 20, 2017. Retrieved 18 March 2017. His name may not be immediately familiar, but anyone interested in understanding globalization ought to be acquainted with Jagdish Bhagwati. Born in India, schooled in Britain, and now an American citizen, Bhagwati is an international economist and one of only 10 scholars who hold the title of University Professor at Columbia.
  5. ^ a b Drezner, Daniel W. (August 18, 2004). "Review of "In Defense of Globalization" by Jagdish Bhagwati, New York: Oxford University Press". New York Times. If anyone can rise to this challenge, it should be Jagdish Bhagwati. An esteemed international economist, Bhagwati is a university professor at Columbia and a senior fellow at the Council on Foreign Relations. He has advised the World Trade Organization and the United Nations. Born in India, educated in Britain and now an American citizen, he can claim to understand all points of view.
  6. ^ Heilemann, John (August 1, 2004). "Gearing Ourselves for Globalization Free trade isn't the cause of the world's ills, says Columbia professor Jagdish Bhagwati. It's the best cure we have for them--if only we can stomach it". Fortune Magazine. Archived from the original on March 20, 2017. Retrieved 18 March 2017. His name may not be immediately familiar, but anyone interested in understanding globalization ought to be acquainted with Jagdish Bhagwati. Born in India, schooled in Britain, and now an American citizen, Bhagwati is an international economist and one of only 10 scholars who hold the title of University Professor at Columbia.
  7. ^ "Jagdish Bhagwati". American Academy. Retrieved 2022-06-22.
  8. ^ "Finance and Development". Finance and Development | F&D. Retrieved 2022-06-15.