Professor Panagariya has produced an extremely thorough and comprehensive treatment of the role of trade in developing countries. In addition to showing that low and declining protection is conducive to growth and poverty reduction, he also addresses critics of this conclusion and counters their arguments. I expect he will convince many people with this eminently readable book.
Arvind Panagariya is Professor of Economics and the Jagdish Bhagwati Professor of Indian Political Economy at Columbia University. From January 2015 to August 2017, he served as the first Vice Chairman of the NITI Aayog, Government of India in the rank of a Cabinet Minister. Previously he was Chief Economist of the Asian Development Bank. He is the author of India: The Emerging Giant (2008, OUP) and his columns have appeared in the Financial Times, Wall Street Journal and India Today.