Economy and Equality
Economy and Equality
This chapter considers the protection of freedom against today's combination of national governments and international organizations. It does so in the context of the needs associated with balancing economy and equality. The chapter first reviews the traditional system and describes the national-level political theory principles relevant to economic and social rights. It then looks at the implications of today's globalization and the actions of the powerful international economic organizations operating in this area, and explains the appropriate changes in political principles needed for the new globalized world. These changes are detailed in four specific contexts: the survivability of the welfare state in today's world; the control of the institutions designed to assist poorer countries in their economic development; the management of the global environment; and the internationalization of regulation.
Keywords: political theory, economic rights, social rights, globalization, international economic organizations, welfare state, poor countries, economic development, regulation
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