IDEAS home Printed from https://ideas.repec.org/a/taf/fosoec/v42y2013i2-3p142-166.html

Ethical Principles that Make the World and its Economy More Equal

Author

Listed:
  • Hengameh Hosseini
  • Hamid Hosseini

Abstract

No doubt, the global economic (and political) structure is very unequal. The paper begins by demonstrating the various dimensions of this inequality as they relate to economic measures such as per capita GDP, degree of consumption and ownership, health measures, education, and power and influence in various global organizations such as the United Nations (UN), World Trade Organization (WTO), International Monetary Fund (IMF), and others. Next, the paper, supporting a more equal global economic and political structure, investigates the various instruments in welfare economies and ethics theory that can be utilized to justify a sort of distributional change that could lead to more global equality. Finding various economic and ethical instruments associated with utilitarianism, Pareto Optimality and the Hicks--Kaldor compensation test less than satisfactory in dealing with and advocating sufficient global distributional changes, we will investigate ethical principles developed by John Rawls in both his 1971 The Theory of Justice and his 1999 The Law of Peoples, Sen's capability approach, the debate between Rawls and Sen regarding their ethical principles, and whether or not those ethical principles can justify necessary global distributional changes. As we will argue, although the principles developed by Sen and Rawls can be utilized to justify global distributional changes to a degree, they cannot advocate a global difference principle that can justify sufficient global distributional changes. Attempt is made to develop a global difference principle that can justify and advocate more drastic distributional changes.

Suggested Citation

  • Hengameh Hosseini & Hamid Hosseini, 2013. "Ethical Principles that Make the World and its Economy More Equal," Forum for Social Economics, Taylor & Francis Journals, vol. 42(2-3), pages 142-166, August.
    • Handle: RePEc:taf:fosoec:v:42:y:2013:i:2-3:p:142-166
    DOI: 10.1080/07360932.2012.694139
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/07360932.2012.694139
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/07360932.2012.694139?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    References listed on IDEAS

    as
    1. World Bank, 2006. "World Development Report 2007," World Bank Publications - Books, The World Bank Group, number 5989, April.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Schlör, Holger & Venghaus, Sandra & Hake, Jürgen-Friedrich, 2018. "The FEW-Nexus city index – Measuring urban resilience," Applied Energy, Elsevier, vol. 210(C), pages 382-392.
    2. Opocher, Arrigo, 2009. "A Dual-Solovian Measure of Productivity Increase and its Early Antecedents," MPRA Paper 15541, University Library of Munich, Germany.
    3. Anis Chowdhury & Iyanatul Islam, 2010. "Revisiting Shared Growth and Examining Horizontal Inequality," Chapters, in: Rajah Rasiah & Johannes Dragsbaek Schmidt (ed.), The New Political Economy of Southeast Asia, chapter 4, Edward Elgar Publishing.
    4. Nadia S. Ouedraogo, 2017. "Modeling sustainable long-term electricity supply–demand in Africa," WIDER Working Paper Series 023, World Institute for Development Economic Research (UNU-WIDER).
    5. Pranab Bardhan, 2006. "Awakening Giants, Feet of Clay," Journal of South Asian Development, , vol. 1(1), pages 1-17, April.
    6. Ralph Hippe & Luisa De Sousa Lobo Borges de Araujo & Patricia Dinis Mota da Costa, 2016. "Equity in Education in Europe," JRC Research Reports JRC104595, Joint Research Centre.
    7. Graafland, J.J., 2008. "Market operation and distributive justice: An evaluation of the ACCRA confession," MPRA Paper 20276, University Library of Munich, Germany.
    8. Nadia S. Ouedraogo, 2017. "Modeling sustainable long-term electricity supply-demand in Africa," WIDER Working Paper Series wp-2017-23, World Institute for Development Economic Research (UNU-WIDER).
    9. Rory Horner & David Hulme, 2019. "From International to Global Development: New Geographies of 21st Century Development," Development and Change, International Institute of Social Studies, vol. 50(2), pages 347-378, March.
    10. Santra, Swarup, 2014. "Is Human Development Index (HDI) a reflector of quality of air? a comparative study on developed and developing countries," MPRA Paper 53522, University Library of Munich, Germany.
    11. Godwin Nwaobi, 2005. "Securities Markets And Social Capital Integration In Africa: Risks And Policy Options," Finance 0512019, University Library of Munich, Germany.
    12. Carol Rivas & Jean Ramsay & Laura Sadowski & Leslie L Davidson & Danielle Dunnes & Sandra Eldridge & Kelsey Hegarty & Angela Taft & Gene Feder, 2016. "Advocacy Interventions to Reduce or Eliminate Violence and Promote the Physical and Psychosocial Well‐Being of Women who Experience Intimate Partner Abuse: A Systematic Review," Campbell Systematic Reviews, John Wiley & Sons, vol. 12(1), pages 1-202.
    13. World Bank, 2012. "Addressing Vulnerability in East Asia : A Regional Study," World Bank Publications - Reports 11900, The World Bank Group.
    14. Buor, Daniel & Peter Ansah Boakye & Seth Agyemang, 2025. "Access and Use of Healthcare by Ethnic Minorities in the Kumasi Metropolis, Ghana," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 9(5), pages 5774-5792, May.
    15. Jones, Nicola & Nguyen, Ngoc Anh & Nguyen, Thu Hang, 2007. "Trade liberalisation and intra-household poverty in Vietnam: a q2 social impact analysis," MPRA Paper 4206, University Library of Munich, Germany.
    16. repec:dau:papers:123456789/1904 is not listed on IDEAS
    17. World Bank, "undated". "Social Gains in the Balance : A Fiscal Policy Challenge for Latin America and the Caribbean [Ganancias sociales en la balanza : un desafio de la politica fiscal para América Latina y el Caribe]," World Bank Publications - Reports 17198, The World Bank Group.
    18. Collier, Paul & Dercon, Stefan, 2006. "Review Article: The Complementarities of Poverty Reduction, Equity, and Growth: A Perspective on the World Development Report 2006," Economic Development and Cultural Change, University of Chicago Press, vol. 55(1), pages 223-236, October.
    19. Hiller, Victor & Touré, Nouhoum, 2021. "Endogenous gender power: The two facets of empowerment," Journal of Development Economics, Elsevier, vol. 149(C).
    20. Jean-François Bourg & Jean-Jacques Gouguet, 2010. "The Political Economy of Professional Sport," Books, Edward Elgar Publishing, number 13177.
    21. Mr. Chris Papageorgiou & Mr. Subir Lall & Ms. Florence Jaumotte, 2008. "Rising Income Inequality: Technology, or Trade and Financial Globalization?," IMF Working Papers 2008/185, International Monetary Fund.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:fosoec:v:42:y:2013:i:2-3:p:142-166. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/RFSE20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.