Economic Justice in an Unfair World

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  • Format: Paperback
  • Copyright: 2007-12-26
  • Publisher: Princeton Univ Pr

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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 Worldseeks 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.

Author Biography

Ethan B. Kapstein is the Paul Dubrule Professor of Sustainable Development, INSEAD, Fontainebleau, France; and a visiting fellow at the Center for Global Development, Washington, D.C.

Table of Contents

List of Tablesp. ix
Prefacep. xi
List of Abbreviationsp. xix
Economic Justice in an Unfair Worldp. 1
Fairness in Tradep. 45
Allocating Aidp. 86
Justice in Migration and Laborp. 114
Harnessing Investmentp. 147
Toward a Level Playing Field: A Policy Agendap. 175
Notesp. 197
Bibliographyp. 219
Indexp. 235
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