Dilemmata marktliberaler Globalisierung. Globale Freiheit durch globalen Wettbewerb?

Jakob Kapeller and Georg Hubmann ()
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Georg Hubmann: Institute for Socio-Economics, University of Duisburg, Germany

No 151, ICAE Working Papers from Johannes Kepler University, Institute for Comprehensive Analysis of the Economy

Abstract: Liberalism as a social philosophy aims to protect and expand individual liberty. Liberty is thereby understood in a twofold way encompassing both, political liberties, like human dignity or democratic inclusion, as well as economic liberties, like private property rights or free market access. In this article, we point to the fact that this dual notion is surrounded by some tensions that become increasingly visible when discussing the economic and political impacts of increasing international economic integration, i.e. globalization. Specifically, it is concerned with the fact that globalization as observed in the last decades was mainly driven by the principles of economic liberalism, which in some instances undermines the goals of political liberalism – e.g. due to rising inequality, increasing path-dependencies or by creating a race for the best location, that partially undermines the (democratic) sovereignty of nations.

Date: 2023-12
New Economics Papers: this item is included in nep-his and nep-hpe
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Working Paper: Dilemmata marktliberaler Globalisierung: Globale Freiheit durch globalen Wettbewerb? (2023)
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