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eBook details

• Title: Models of International Economic Justice.
• Author : Ethics & International Affairs
• Release Date : January 01, 2004
• Genre: Politics & Current Events,Books,
• Pages : * pages
• Size : 274 KB

Description

A host of activists, policy-makers, and scholars have been asserting that today's international economic structure and its associated outcomes are fundamentally unfair or unjust to many people, especially the poor or least advantaged, and also to many countries, particularly those in the developing world. By questioning the morality and legitimacy of the contemporary multilateral system that governs world trade and finance, these critics have generated a widespread normative debate. But what, precisely, do these critics mean when they claim that the global economy is unjust or unfair? In this essay I present three models, or frameworks, that seek to capture some of the central normative concerns that these critics have expressed about economic globalization (at least in its present form) and the empirical information that is relevant to assessing them. Beyond offering what I hope is a helpful taxonomic contribution, my aim is to join economic and moral theory in a way that promotes a progressive research program. Assertions about economic justice can and should be matched to the extent possible with economic theories and empirical evidence-but they seldom are. (1) Closer attention to empirical evidence is important for theory as much as for practice. As a practical matter, empirical tools and data can help us to determine whether the global economy is becoming more or less fair over time, and to focus on those policies that are most likely to promote desirable ends. Articulating and examining the likely consequences of different theoretical and policy approaches to economic justice also serves to highlight potential trade-offs and conflicts among them, and helps us to think more carefully about these trade-offs and what their consequences might be. Some of us, for example, might support a liberal free trade regime because we believe it promotes greater income equality among countries. But we might also reasonably assert that such a regime exacerbates economic injustices within some countries by causing dislocation and unemployment, particularly among vulnerable socioeconomic groups such as unskilled workers. Such reasoning, in turn, will help us to evaluate the approaches themselves.

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