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Making Globalization Work: Towards Global Economic Justice

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  • Khan, Haider

Abstract

Globalization as a corporate-led process has come under much justifiable criticism. This paper attempts to give the term analytic content distinct from its more ideological formulations.. It then focuses on a normative analysis of globalization from the capabilities perspective. A freedom-centered perspective such as the capabilities approach emphasizes policies and institutions that can enhance freedom globally and locally. A global governance structure based on transparent principles of both economic efficiency and social justice is shown to be a desirable state of affairs; however, the present fractured process of globalization is more likely to end up in a fragmenting regionalism or even national protectionism and rivalry. Multilateral cooperation on the basis of the framework advanced here is an urgent necessity.To this end the creation of international regimes of cooperation in areas ranging from trade and finance to ecological and women's and minorities rights issues must be put on the international and national social and political agendas

Suggested Citation

  • Khan, Haider, 2008. "Making Globalization Work: Towards Global Economic Justice," MPRA Paper 7864, University Library of Munich, Germany, revised 2008.
  • Handle: RePEc:pra:mprapa:7864
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    File URL: https://mpra.ub.uni-muenchen.de/7864/1/MPRA_paper_7864.pdf
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    References listed on IDEAS

    as
    1. Keith Griffin and Azizur Rahman Khan, 1992. "Globalisation and the Developing World: An Essay on the International Dimensions of Development in the Post-Cold War Era," Human Development Occasional Papers (1992-2007) HDOCPA-1992-02, Human Development Report Office (HDRO), United Nations Development Programme (UNDP).
    2. Khan, Haider & Liu, Yibei, 2008. "Globalization and the WTO Dispute Settlement Mechanism: Making a Rules-based Trading Regime Work," MPRA Paper 7613, University Library of Munich, Germany, revised 2008.
    3. Thomas Straubhaar & Achim Wolter, 1997. "Globalisation, internal labour markets and the migration of the highly skilled," Intereconomics: Review of European Economic Policy, Springer;German National Library of Economics;Centre for European Policy Studies (CEPS), vol. 32(4), pages 174-180, July.
    4. Paul Cook & Colin Kirkpatrick, 1997. "Globalization, Regionalization and Third World Development," Regional Studies, Taylor & Francis Journals, vol. 31(1), pages 55-66.
    5. Haider A. Khan, 2007. "A Theory of Deep Democracy and Economic Justice in the Age of Postmodernism," CIRJE F-Series CIRJE-F-468, CIRJE, Faculty of Economics, University of Tokyo.
    6. Haider A. Khan, 2002. "Can Banks Learn to Be Rational?," CIRJE F-Series CIRJE-F-151, CIRJE, Faculty of Economics, University of Tokyo.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Khan, Haider & Patomäki, Heikki, 2013. "A reconstructive critique of IPE and GPE from a critical scientific realist perspective: An alternative Keynesian-Kaleckian approach," MPRA Paper 49517, University Library of Munich, Germany.

    More about this item

    Keywords

    Globalization; Global Justice; Capabilities; Financial Crisis; Global Financial Architecture; Global Society;

    JEL classification:

    • F42 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Policy Coordination and Transmission
    • F15 - International Economics - - Trade - - - Economic Integration
    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary
    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • D74 - Microeconomics - - Analysis of Collective Decision-Making - - - Conflict; Conflict Resolution; Alliances; Revolutions
    • F59 - International Economics - - International Relations, National Security, and International Political Economy - - - Other
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions

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