JOHN RAWLS’ DIFFERENCE PRINCIPLE: EVIDENCE FROM GUATEMALA

Brian J. Quarles

Review of Business and Finance Studies, 2011, vol. 2, issue 1, 69-78

Abstract: While literature indicates that strong intellectual property (IP) protection is needed to attract foreign direct investment (FDI) in developing countries like Guatemala, the literature fails to address adequately the economic, social, and political considerations facing developing nations in the reformation of their IP laws. This article addresses those considerations by applying John Rawls’ Difference Principle. Rawls’ Difference Principle depicts justice as an issue of fairness, which focuses on the distribution of resources and permits an unequal distribution only to the extent that the weakest members of society benefit from that inequality. This article finds that Rawls would reject the findings from the literature and support a weak IP regime in Guatemala for three key reasons. First, economically, Guatemala’s weakest members would have immediate access to otherwise price-prohibitive products. Second, socially, Guatemala could reallocate resources to service Guatemala’s weakest members more pressing needs. Third, politically, Guatemala’s IP weak regime would be entirely consistent with the letter of the Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) and improve relations with its trading partners. According to Rawls, Guatemala’s approach to maintain a weak IP regime would be ethically sound.

Keywords: John Rawls; Difference Principle; Guatemala (search for similar items in EconPapers)
JEL-codes: F12 O34 O38 (search for similar items in EconPapers)
Date: 2011
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