Book Presentation & Interview

"In Defense of Globalization"

“The finance markets may be compared to a stove. You can fry a schnitzel or burn the house down with it,” says Professor Jagdish Bhagwati. The economist who was born in India introduced in a presentation moderated by Otto Count Lambsdorff his international bestseller “In Defense of Globalization” at the Excelsior Hotel in Cologne. In his book, acknowledged worldwide, which appeared in German on September 22 bearing the title “Verteidigung der Globalisierung”, Bhagwati takes on the arguments of globalization critics and rebuts them one by one.

The internationally renowned economics expert shows how globalization has considerably improved the living conditions of millions of people. No one seriously wanting to enter the discussion concerning the effects and uses of globalization can pass up this book.
The basic thesis of Bhagwati states that globalization has engaged many economies in international trade. By doing so they are now in a better position than before. The economic boom and the pressure of competition on the global markets, according to Bhagwati, also eventually lead to a change in social and political culture. This “human touch” is an important aspect and inseparably tied to globalization.

The approximately 250 guests in attendance were enthused by Bhagwati’s lively lecture and entered the discussion with much professional expertise concerning the challenges of globalization. Due to the recent events, the focus of the evening was on the capital markets and the banking sector.

The event took place in cooperation with Pantheon Publishers.