Introduction to Economic Justice in an Unfair World: Toward a Level Playing Field

Ethan B. Kapstein
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Ethan B. Kapstein: INSEAD, Fontainebleau, France; Center for Global Development, Washington, D.C.; Carnegie Council on Ethics and International Affairs; German Marshall Fund of the United States

A chapter in Economic Justice in an Unfair World: Toward a Level Playing Field, 2007 from Princeton University Press

Abstract: Recent years have seen a growing number of activists, scholars, and even policymakers claiming that the global economy is unfair and unjust, particularly to developing countries and the poor within them. But what would a fair or just global economy look like? Economic Justice in an Unfair World seeks to answer that question by presenting a bold and provocative argument that emphasizes economic relations among states. The book provides a market-oriented focus, arguing that a just international economy would be one that is inclusive, participatory, and welfare-enhancing for all states. Rejecting radical redistribution schemes between rich and poor, Ethan Kapstein asserts that a politically feasible approach to international economic justice would emphasize free trade and limited flows of foreign assistance in order to help countries exercise their comparative advantage. Kapstein also addresses justice in labor, migration, and investment, in each case defending an approach that concentrates on nation-states and their unique social compacts. Clearly written for all those with a stake in contemporary debates over poverty reduction and development, the book provides a breakthrough analysis of what the international community can reasonably do to build a global economy that works to the advantage of every nation.

Keywords: global economy; developing countries; redistribution; justice; free trade; foreign assistance; comparative advantage; labor; migration; investment; social compacts; poverty reduction; development; international community (search for similar items in EconPapers)
Date: 2007
ISBN: 9780691136370
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