Let Lip0(X) be the space of all Lipschitz scalar-valued functions
on a pointed metric space X. We characterize the approximation property for
Lip0(X) with the bounded weak* topology using as tools the tensor
product, the ϵ-product and the linearization of Lipschitz mappings.Comment: Section 6 which appeared in the first version of this paper has been
removed. The proof of Theorem 6.1 was not correc