Dr. Joseph Stiglitz’s new book, Making Globalization Work, seems likely to trigger another round with Jagdish Bhagwati:
Attacking the idea of free-for-all markets in a superfluous debate with conservative purists only overshadows Dr. Stiglitz’s practical suggestions, like adding labor and environmental ministers to trade negotiations. [NYT]
The book is shipping now, so it seems that I will have to grab a copy soon.
Trade Diversion 
You might like this quote Stigltiz had in the Telegraph last week:
“Fewer than 25,000 American farmers could jeopardise the whole global trading system… When you think about it, you realise something’s wrong in the global democracy… Economic globalisation has outpaced the political institutions and our mindsets.”
http://www.telegraph.co.uk/core/Content/displayPrintable.jhtml?xml=/money/2006/08/28/ccprof28.xml&site=1&page=0
Ah… and the NYTimes also has a review of Stiglit’z new book:
The blockquoted text is from the NYT review, to which I linked within the brackets. Thanks for the Telegraph link.