This book investigates the complex dynamics and implications of international factor mobility, particularly focusing on labor and capital flows across national borders. Bhagwati, a renowned economist, draws upon extensive theoretical frameworks and empirical data to analyze the economic consequences of these movements. The work aims to provide a comprehensive understanding of how global factor mobility shapes trade patterns, national economies, and international relations.

This seminal work by Jagdish N. Bhagwati is recognized for its rigorous economic analysis of international factor mobility. It is frequently cited in academic literature concerning international trade and labor economics, serving as a foundational text for understanding the complexities of capital and labor flows. The book's comprehensive approach and theoretical depth make it a key reference for scholars and policymakers grappling with globalization's economic challenges.