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Globalisation and Its Discontents
By Joseph Stiglitz
If you are planning to join up with the protests that materialise outside IMF or G-8 meets, this is your bible. In fact, on TV discussions in recent days, comrades from the CPI have also been liberally sprinkling Stiglitz’s words to establish exactly why they’d like India’s entire economic reform paradigm dismantled.

Stiglitz, a Noble-prize winner who served as chief economist at the World Bank, holds that the IMF, the Bank and the WTO are following policies that actually stifle growth and limit the creative genius of developing countries. However, he is no bandana waving discontent, he truly believes that globalisation is a force for the good, and that reform in these institutions would unleash their power to assist economic prosperity.

In Defence of Globalisation
By Jagdish Bhagwati
Bhagwati, perhaps one of the sharpest economic minds in the world today, harnesses economic, political and philosophical arguments to make the point that globalisation is in fact the most potent process to deliver social good and prosperity. From Salman Rushdie’s chutneyfied language to simple home truths about how globalisation helps women, he works on an extremely broad canvas.

The New York-based professor, in fact, has mooted a proposal to set up a World Migration Organisation along the lines of the WTO.