- Title Pages
- Prologue
- Foreword
- Acknowledgements
- Contributors
- Introduction
- Notes
- Defining Global Public Goods
- Intergenerational Public Goods
- The Political Economy of International Cooperation
- Case Studies
- Equity and Justice
- Equity in a Global Public Goods Framework
- Distributive Justice as an International Public Good
- Global Justice
- Market Efficiency
- Deep Integration and Trade Agreements
- International Financial Instability
- Environment and Cultural Heritage
- Montreal versus Kyoto
- New Strategies for the Provision of Global Public Goods
- Cultural Heritage as Public Good
- Health
- Global Epidemiological Surveillance
- Health as a Global Public Good
- Knowledge and Information
- Knowledge as a Global Public Good
- Global Communications for a More Equitable World
- The Public Face of Cyberspace
- Peace and Security
- Preventing Deadly Conflict
- Peace as a Global Public Good
- International Public Goods and the Case for Foreign Aid
- Regional Public Goods in International Assistance
- Global Public Goods
- Glossary
- Further Reading
- About the Contributors
- Index
Equity in a Global Public Goods Framework
Equity in a Global Public Goods Framework
- Chapter:
- (p.68) Equity in a Global Public Goods Framework
- Source:
- Global Public Goods
- Author(s):
J. Mohan Rao
- Publisher:
- Oxford University Press
The current institutions of the world economy already have embedded a concern for distributive justice. Kapstein's historical perspective provides an argument in defense of this statement. This chapter argues that a just economic order has long been valued as a global public good, especially after the Second World War, when the Bretton Woods system was designed. For leaders reflecting on the causes of the war, the links between economic distress and global conflict were all too evident. Kapstein shows that the postwar architecture relied on two pillars: creating wealth and distributing it. Wealth was to be created primarily through free international trade, while redistributing it was the responsibility of domestic institutions. Yet this approach became less and less effective over time. Distributive policies have the character of an international public good, and as such, ways had to be found to ensure that these policies would not be underprovided, as they are if we rely on domestic action alone. The only way forward now, Kapstein argues, is to address these concerns at the international level.
Keywords: distribution, fairness, global public goods, international financial institutions, international trade, justice, Bretton Woods
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- Title Pages
- Prologue
- Foreword
- Acknowledgements
- Contributors
- Introduction
- Notes
- Defining Global Public Goods
- Intergenerational Public Goods
- The Political Economy of International Cooperation
- Case Studies
- Equity and Justice
- Equity in a Global Public Goods Framework
- Distributive Justice as an International Public Good
- Global Justice
- Market Efficiency
- Deep Integration and Trade Agreements
- International Financial Instability
- Environment and Cultural Heritage
- Montreal versus Kyoto
- New Strategies for the Provision of Global Public Goods
- Cultural Heritage as Public Good
- Health
- Global Epidemiological Surveillance
- Health as a Global Public Good
- Knowledge and Information
- Knowledge as a Global Public Good
- Global Communications for a More Equitable World
- The Public Face of Cyberspace
- Peace and Security
- Preventing Deadly Conflict
- Peace as a Global Public Good
- International Public Goods and the Case for Foreign Aid
- Regional Public Goods in International Assistance
- Global Public Goods
- Glossary
- Further Reading
- About the Contributors
- Index
