ABSTRACT
Central to the neoliberal discourse on globalization is the conviction that free trade, more than free movements of capital or labor, is the key to global prosperity. Even many of those who are not enthusiastic about all aspects of globalization – ranging from the free-trade economist Jagdish Bhagwati advocating capital control, to some NGOs accusing the developed countries for not opening up their agricultural markets – seem to agree that free trade is the most benign, or at least the least problematic, element in the progress of globalization.
