Trade Justice and Security

Boston College Law School Research Paper No. 84

TRADE AS THE GUARANTOR OF PEACE, LIBERTY AND SECURITY? CRITICAL, HISTORICAL AND EMPIRICAL PERSPECTIVES, Padideh Alai, Colin B. Picker and Tomer Broude, eds., American Society of International Law, 2006

23 Pages Posted: 28 Oct 2005

Abstract

[This abstract refers to the revised draft of December 9, 2005]: The social psychology literature on justice suggests that the perception of injustice produces the strongest human emotional response. Perceptions of injustice can lead to conflicts over the justice of social outcomes, threatening social cohesion and security. Trade law, and globalization more generally, are increasingly perceived as unjust with respect to the interests of developing countries and of the poor in all countries. To the extent that the various stakeholders in globalization perceive a lack of reciprocity between their investment and their return, they will naturally address their claims of injustice towards the global trading system, with adverse consequences for trade law and for global security more generally. In order for trade law to contribute to increased security, it must produce outcomes that increase participants' sense of the justice of global economic relations. For this to occur, the global trading system must consider the distribution of gains from trade within domestic societies. Whether or not the gains from trade, and globalization more generally, are perceived to be justly distributed within a society will directly influence participants' views of the justice of the trading system as a whole. Trade law has an important role to play in addressing this perceived dislocation of risk and return, in much the same way that corporate law does so in domestic societies, through strategies which address both perceptions of economic injustice and potential underlying contributing factors.

Keywords: Justice, injustice, trade law, globalization, global trading system, economic injustice, economic development, global economic relations, discrimination, law and justice, international law and trade, law and society

Suggested Citation

Garcia, Frank Joseph, Trade Justice and Security. TRADE AS THE GUARANTOR OF PEACE, LIBERTY AND SECURITY? CRITICAL, HISTORICAL AND EMPIRICAL PERSPECTIVES, Padideh Alai, Colin B. Picker and Tomer Broude, eds., American Society of International Law, 2006; TRADE AS THE GUARANTOR OF PEACE, LIBERTY AND SECURITY? CRITICAL, HISTORICAL AND EMPIRICAL PERSPECTIVES, Padideh Alai, Colin B. Picker and Tomer Broude, eds., American Society of International Law, 2006. Available at SSRN: https://ssrn.com/abstract=838285

Frank Joseph Garcia (Contact Author)

Boston College - Law School ( email )

885 Centre Street
Newton, MA 02459-1163
United States

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