Jagdish Bhagwati delivered the Third Hiren Mukerjee Memorial Annual Parliamentary Lecture in the Central Hall of Parliament House on December 2, 2010. Here are the edited excerpts of his excellent analysis of how the economic reforms have benefited India
The US and the EU have been pushing for the stricter implementation of labour standards. Altruism, as they insist, necessitates such a move but noted economist Jagdish Bhagwati believes that it is actually competition from developing nations that calls for such severity.