Vijay Joshi is a Fellow of Merton College, Oxford, and the author, with Ian Little, of India: Macroeconomics and Political Economy, 1964–1991, and India’s Economic Reforms, 1991–2001. (March 2004)

IN THE REVIEW

One World?

One World: The Ethics of Globalization

by Peter Singer

Free Trade Today

by Jagdish Bhagwati
Globalization was the most dramatic idea to emerge from the collapse of communism and the end of the cold war. Suddenly, it seemed, there was “one world.” US State Department official Francis Fukuyama said it first: there was now no ideological obstacle to the spread of markets and democracy. Further, …