cross posted from my lj, so for those who have friended me and don't want to read it twice I'll put it behind a cut
There is a lot of quite valid critique of free trade based on economic justice for developing states; also there have been articles in Foreign Affairs that argue that middle states are having a big problem in finding a good niche in a globalised world. Free traders are beginning to argue that with the current economic distribution that exists, total free trade will be damaging.*
Is there such thing as a just global trade system?
Kapstein's definition of measuring whether a system is just is that it is participatory, inclusive, and welfare enhancing for all participants.# Is this an adequate definition, or does it need refining?
Would it be possible to construct a just trading system based on these principles of justice?
* Kapstein, Ethan B, Toward a Level Playing Field: Economic Justice in an Unfair World, Princeton University Press, New Jersey.
# Ibid. Kapstein argues that if a system does not have all these elements, then there will be no reason why states will be enticed to enter into such a system in the first place.