In a congressional hearing in the spring of 1996, talk show host Kathie Lee Gifford was charged with endorsing clothing made in Honduran sweatshops by exploited children. Resulting media coverage focused public attention on a seamy underside of the "global economy." Redemption strategies used by Gifford and her public relations consultant, and repeated and promoted through the mass media, fed a larger controversy over the meaning of the concept of the global economy and its ethical implications (...) for the American public. (shrink)

Global Economy, Global Justice explores a vital question that is suppressed in most economics texts: "what makes for a good economic outcome?" Neoclassical theory embraces the normative perspective of "welfarism" to assess economic outcomes. This volume demonstrates the fatal flaws of this perspective--flaws that stem from objectionable assumptions about human nature, society and science. Exposing these failures, the book obliterates the ethical foundations of global neoliberalism. George DeMartino probes heterodox economic traditions and philosophy in search of (...) an ethically viable alternative to welfarism. Drawing on the work of Amartya Sen, DeMartino proposes the egalitarian principle of the "global harmonization of capabilities" to guide economics. This principle provides a basis for resisting oppression the world over while nevertheless demanding respect for cultural diversity. DeMartino puts this principle to work adjudicating contemporary debates over global policy regimes, and completes thebook with a set of deeply egalitarian global policies for the year 2025. Global Economy, Global Justice 's engaging prose will appeal to those seeking to understand the intersection between economics and political philosophy. Its focus on the normative foundations of contemporary policy disputes makes it unique in the literature on globalization. (shrink)

This article revisits theologian Ulrich Duchrow’s three-decade-old use of the Protestant notion of status confessionis to denounce the capitalist global economy. Scholars quickly dismissed Duchrow’s argument; however, philosopher Thomas Pogge has developed a remarkable “negative duty”—based critique of the current global economic order that might help revitalize Duchrow’s position. The article argues that sound reasons exist for the churches to declare the contemporary world economy a—provisionally termed—status confessionis minor. After explaining the inadequacy of Duchrow’s original position (...) and summarizing Pogge’s account, the article develops a twofold argument. First, Pogge’s in-depth inquiry into the world economy gives Duchrow’s call for a status confessionis a strong yet narrowing economic foundation. Second, to declare the world economy a status confessionis minor is theological-ethically justifiable if the limited though indispensable “prophetic” significance of doing so is acknowledged. Thus, Duchrow’s approach is justified, but only partially. (shrink)

This book is also concerned with world economics, but it is approached from the viewpoint of ethics. It argues that the hubris of the present global market is destroying communities and wreaking irrevocable damage to the planet: we live in a modern version of the Midas myth.Justice in its broadest sense -- fair shares for all -- is eloquently held up as the prime virtue of human communities. Timothy Gorringe, Professor of Systematic Theology at the University of Exeter, offers (...) practical suggestions for an ethical transformation to replace the spiraling profit-driven economy with a steady-state economy that meets human needs and encompasses the well-being of other species and the environment. (shrink)

The COVID-19 pandemic may affect the world severely in terms of quality of life, political, environmental, and economic sustainable development, and the global economy. Its impact is attested to by the number of research studies on it. The main aim of this study is to evaluate the impact of COVID-19 on the psychology of sustainability, on sustainable development, and on the global economy. A computerized literature search was performed, and journal articles from authentic sources were extracted, (...) including MEDLINE, Google Scholar, Science Direct, ProQuest, and Emerald Insight. The references in selected articles were screened to identify any relevant studies. The following inclusion criteria were followed: research articles based on the COVID-19 pandemic, and articles, research papers, journals, and news articles published 2010 to 2020. The exclusion criteria were as follow: psychology research, articles, and journals published before 2010 and research articles having no link with the current pandemic’s impact on the psychology of sustainability, quality of life, and the global economy. Of the initial 350 articles identified, only 61 studies were found to be relevant and meet the inclusion criteria. Based on these articles, the review highlights that compared to developed countries, the developing nations and poor nations such as African countries with compromised health structures have been greatly affected. There are close associations between health, economic, environmental, and political issues globally. The pandemic can be managed if we follow new policies that implement economic and public health changes worldwide. A planned, coordinated approach between the public-private sector is required, designed according to each country’s health system and economy. We can come out of this crisis if we work together and support both developed and developing nations. (shrink)

Creativity: what might this mean for art and art educators in the creative economies of globalisation? The task of this discussion is to look at the state of creativity and its role in education, in particular art education, and to seek some understanding of the register of creativity, how it is shaped, and how legitimated in the globalised world dominated by input-output, means-end, economically driven thinking, expectations and demands. With the help of Heidegger some crucial questions are raised, such as: (...) How can art maintain its creative ontological and epistemological potential in the creative economies of globalisation? Is it possible for art and the creative arts to act as a process of ‘revealing’ and ‘becoming’ and ‘throwing light’ on the world while working within the market economies of innovation and entrepreneurship where creativity has become a generalised discourse? What matters in this discussion is to find a way to argue for the sustainability of art education as a creative mode of enquiry through which self and the world may be better understood, identity might be realised as difference and being-in-time might be possible. (shrink)

The men and women in Invisible Hands reveal the human rights abuses occurring behind the scenes of the global economy. These narrators--including phone manufacturers in China, copper miners in Zambia, garment workers in Bangladesh, and farmers around the world--reveal the secret history of the things we buy, including lives and communities devastated by low wages, environmental degradation, and political repression. Sweeping in scope and rich in detail, these stories capture the interconnectivity of all people struggling to support themselves (...) and their families. (shrink)

Recent years and months have evidenced an increase in deflationary phenomena. The present article defines the reasons for the problem, explains the irregularity of the inflation–deflation processes in the world and forecasts on this basis that the crisis-depressive phase of development in the global economy will continue for a relatively long time. Based on an analysis of available resources and the theory of long cycles, we believe that in the next 5–10 years, the global economy will (...) continue being in the crisis-depression phase with rather sluggish and weak rises. The article also offers some forecasts for the forthcoming sixth Kondratieff wave, identifies its possible technological basis, and discusses possible consequences of the forthcoming technological transformations. (shrink)

The purpose of the study is to determine the concept of the axial line of the swarm of the global economy in the three-dimensional space of the economic indices EPI, BLI, CPI and to construct mathematical expressions that determine the shape of this line based on statistical data on the world economy. To construct the axial line the median points of the EPI-groups of the global economy were used. In the paper we discuss certain assumptions (...) about the asymptotic behavior of the axial line at small and large values of the CPI. Scientific novelty of research lies in the explicit construction of the axial line of the global economy. The existence and shape of this line reveal as a result some fundamental trend in the world economy, statistically linking at the level of EPI-groups the state of society, the measure of the state's social orientation and economic productivity. (shrink)

As a sovereign wealth fund, the $1 trillion Norwegian Government Pension Fund-Global, which is managed by Norges Bank Investment Management on behalf of the welfare of Norway’s citizens, is supposed to be a flagship for socially responsible investments through its Council of Ethics. However, its investment in Delta Topco, the holding company of Formula 1 world championship that, through Formula One Group, brokered a deal with Russia to host a Formula 1 Grand Prix in 2014, raises the question of (...) whether the Oil Fund should enhance its due diligence processes. Although no evidence of corruption related to the race is introduced, the complex relation between financial logic and the world of sports still raises questions about the ethical solidity of the Oil Fund’s investment. Drawing upon reports of the relationship between political economy and sporting events, this paper therefore analyses, in light of the Oil Fund’s ethical guidelines, the complexities of its investment in Delta Topco. As a result, it is argued that a new set of examination methods by the Council of Ethics may be warranted. (shrink)

This article discusses the entanglement of political Islam and the new global economy. It specifically addresses the epistemic fields of political economic concepts of the Islamist organisation of Hizbut Tahrir Indonesia/HTI. This article argues that the organisation offers an entangled epistemic field of religion, politics, and economy. The Islamic concept of khilafah is particularly defined as a new global political and economic systems that challenge the currently dominant capitalist-state of western civilisation. The crucial elements of political (...) economy of the khilafah is the aspect of distribution rather than production, thus the HTI’s criticism lies at the notion of justice and equal access to economic resources and effects. With this framework, the HTI offers a new global political system -based on khilafah- and promises justice in economic distribution. (shrink)

With the increasing focus on globalization of the economy, ethical issues are often submerged by the goal of increasing profitability. This article explores the implications of globalization and its effects on both the Earth’s poor and the Earth itself. It illustrates how poverty goes hand in hand with environmental degradation. The economic and moral impacts of international financial and regulatory organizations are analyzed and discussed. The article demonstrates how the economically marginalized suffer not only from the obvious lack of (...) food, clothing, and shelter but also from polluted air, an unpotable water supply, and macro issues such as global warming. It concludes with the recommendation of looking to the economy of the Beatitudes of the New Testament for solutions. (shrink)

In the mid-1990s, global labour standards emerged as a new and important are of concern for socially responsible investors, especially with respect to investments in the "problematic" footwear, apparel, and toy industries. In this paper, I elucidate the primary areas of concern for investors and discuss a framework for evaluating firms'' labor standards performance. In addition, I argue that today''s sweatshop debates follow closely those of centuries ago, with the standard economic defense of low wage manufacturing on the one (...) hand, and the activists'' protests against poor conditions and wages on the other. An examination of this historical context reveals a promising middle ground in this ongoing debate. (shrink)

Purpose. The purpose of the study is to define the negative impact of gender inequality on the global economy and public health. Theoretical basis. Unequal treatment of individuals based on gender discrimination has led to negative consequences in various areas of society. Gender inequality is very costly for the world due to the lack of representation of women in the labor market, gender income inequality situation, glass ceiling effect that have the negative impact on the world economy. (...) Outdated gender roles, which are inconsistent with the new reality and the idea of human progress, have a significant impact on life expectancy, health, mortality and disease, access to health care and medical care. Originality. The vector of the development of the human society changes its direction, which leads to a renewal of an individual status-role framework, the creation of the new systems of values, theories and ideologies that require a new field of opportunities and free human self-identification and gender-identification. Conclusions. The results show that gender inequality has a negative impact on economic growth and development, as well as on physical and mental health. Strictly fixed gender roles limit free human development. Everyone should have the right to determine her/his gender, her/his interests and behavior patterns, while having the right to personal respect and respect for their honor, convictions, and gender practices. (shrink)

There have long been calls from industry for guidance in implementing strategies for sustainable development. The Circular Economy represents the most recent attempt to conceptualize the integration of economic activity and environmental wellbeing in a sustainable way. This set of ideas has been adopted by China as the basis of their economic development, escalating the concept in minds of western policymakers and NGOs. This paper traces the conceptualisations and origins of the Circular Economy, tracing its meanings, and exploring (...) its antecedents in economics and ecology, and discusses how the Circular Economy has been operationalized in business and policy. The paper finds that while the Circular Economy places emphasis on the redesign of processes and cycling of materials, which may contribute to more sustainable business models, it also encapsulates tensions and limitations. These include an absence of the social dimension inherent in sustainable development that limits its ethical dimensions, and some unintended consequences. This leads us to propose a revised definition of the Circular Economy as “an economic model wherein planning, resourcing, procurement, production and reprocessing are designed and managed, as both process and output, to maximize ecosystem functioning and human well-being”. (shrink)

Abstract:The discussion of the global economy and worldwide expansion of the capitalist and market economic system barely deals with the topic of public goods, although they are of paramount importance precisely in this international setting. Fortunately, the theory of public economics systematically developed the central concept of the public good with its far-reaching implications so that this knowledge can be applied also to global issues. In order to treat these often vaguely discussed issues, a typology of international (...) relations is proposed. These and other considerations prepare the way to ask the question about the implied ethos. Because a common and sustainable ethos for public goods in the global economy is of great relevance and high urgency, both religious and non-religious ethical traditions are called for making their necessary contributions to this foundation. (shrink)

In this article we wonder how a person can discharge the political responsibility for supporting and benefiting from unjust social structures. Firstly, we introduce the concept of structural injustice and defend it against three possible objections: ‘explanatory nationalism’, a diachronic interpretation of the benefits of industry-led growth, being part of a social structure does not automatically mean being responsible for its negative consequences. Then, we hold that both Iris Marion Young’s ‘social connection model’ and Robin Zheng’s ‘role-ideal model’ provide clear (...) indications on how to unload responsibility for supporting/participating in unjust social structures, but fail to explain how to get rid of responsibility for unjust enrichment. We maintain that both models should be complemented with a global redistributive scheme that allows to disgorge the benefits that are unfairly obtained in the global economic system, besides undertaking collective transformative actions and assuming ideal-role responsibilities. (shrink)

This paper focusses on the relationship among structural adjustment policies and practices, the business activities of transnational corporations and what Robert Reich has called the coming irrelevance of corporate nationality. The argument presented is that the force of these combined factors makes environmental sustainability impossible.

At the forefront of international concerns about global legislation and regulation, a host of noted environmentalists and business ethicists examine ethical issues in consumption from the points of view of environmental sustainability, economic development, and free enterprise.

The large number of hungry people in a global economy based on industrialization, privatization, and free trade raises the question of the ethical dimensions of the worsening food crisis in the world in general and in developing countries in particular. Who bears the moral responsibility for the tragic situation in Africa and Asia where people are starving due to poverty? Who is morally responsible for their poverty - the hungry people themselves? the international community? any particular agency or (...) institution? In the context of Article 3 of the UN Declaration of Human Rights, which states that "Everyone has the right to life, liberty and security" (UNDHR, 1948), the ethical question of poverty and hunger becomes a major human concern that should be discussed publicly and resolved by whatever means available. But how can the poor and hungry realize their right to life and security if their very survival is at stake? This paper maintains that responsibility for global poverty at present lies in recent neo-liberal trends in the global economy and with those individuals and organizations who, though small in number, have acquired a disproportionate share of the world's assets and financial resources. That being the case, it is suggested that our monetary and financial policies are in need of drastic changes with regard to global responsibility towards the hungry and impoverished. (shrink)

ABSTRACT:This article assesses the proliferation of international accountability standards (IAS) in the recent past. We provide a comprehensive overview about the different types of standards and discuss their role as part of a new institutional infrastructure for corporate responsibility. Based on this, it is argued that IAS can advance corporate responsibility on a global level because they contribute to the closure of some omnipresent governance gaps. IAS also improve the preparedness of an organization to give an explanation and a (...) justification to relevant stakeholders for its judgments, intentions, acts and omissions when appropriately called upon to do so. However, IAS also face a variety of problems impeding their potential to help address social and environmental issues. The contribution of the four articles in this special section is discussed in the context of standards’ problems and opportunities. The article closes by outlining a research agenda to further develop and extend the scholarly debate around IAS. (shrink)

ABSTRACT:This article assesses the proliferation of international accountability standards (IAS) in the recent past. We provide a comprehensive overview about the different types of standards and discuss their role as part of a new institutional infrastructure for corporate responsibility. Based on this, it is argued that IAS can advance corporate responsibility on a global level because they contribute to the closure of some omnipresent governance gaps. IAS also improve the preparedness of an organization to give an explanation and a (...) justification to relevant stakeholders for its judgments, intentions, acts and omissions when appropriately called upon to do so. However, IAS also face a variety of problems impeding their potential to help address social and environmental issues. The contribution of the four articles in this special section is discussed in the context of standards’ problems and opportunities. The article closes by outlining a research agenda to further develop and extend the scholarly debate around IAS. (shrink)

The article considers the research developed by the UniNomade project concerning the global financial crisis within the theoretical framework of Italian ‘workerism’ and post-workerist theory. On the whole, the UniNomade project offers a rich variety of stimuli to debate. However, in the work of UniNomade, there are some problematic elements, particularly when the authors invoke a series of ‘excesses’ in ‘cognitive capitalism’. This review-article argues that the old post-workerist thesis of an obsolescence of the law of value introduces into (...) UniNomade’s work an ambiguous determinism. (shrink)

The danger of deflation has been rather frequently mentioned recently among nu-merous concerns over the European and partly American economies. Analysts cite the Japanese economy which has been suffering from deflation for the last two decades despite the large investments in economy and the government's efforts to increase inflation. Similarly, notwithstanding many trillions of dollars, euro, pounds and yen that were invested in economies over the past few years, the infla-tion in the Western countries still remains low. On (...) the whole, there are reasons to maintain that European countries suffer from ‘the Japanese disease’, and this disease can progress or even become chron-ic. The USA, although to a lesser extent, has the signs of the disease as well. As a result, the financial infusions can become permanent, as it happened in Japan. The present paper defines the reasons of the problem, explains the irregularity of the inflation-deflation processes in the world and also offers some forecasts. (shrink)

Global science expansion and the ‘skills premium’ in labor markets have been extensively discussed in the literature on the global knowledge economy, yet the focus on, broadly-speaking, knowledge-related personnel as a key factor is surprisingly absent. This article draws on UIS and OECD data on research and development personnel for the period 1980 to 2015 for up to N = 82 countries to gauge cross-national trends and to test a wide range of educational, economic, political and institutional (...) determinants of general expansion as well as expansion by specific sectors and country groups. Findings show that, worldwide, the number of personnel involved in the creation of novel and original knowledge has risen dramatically in the past three decades, across sectors, with only a few countries reporting decrease. Educational and economic predictors show strong effects. Expansion is also strongest in those countries embedded in global institutional networks, yet regardless of a democratic polity. I discuss the emergence of ‘knowledge work’ as a mass-scale and worldwide phenomenon and map out consequences for the analysis of such a profound transformation, which involves both an educated workforce and the strong role of the state. (shrink)

In lieu of an abstract, here is a brief excerpt of the content:Reviewed by:Hooked! Buddhist Writings on Greed, Desire, and the Urge to Consume, and: Subverting Greed: Religious Perspectives on the Global EconomyBrian KarafinHooked! Buddhist Writings on Greed, Desire, and the Urge to Consume. Edited by Stephanie Kaza. Boston: Shambhala, 2005. 271 pp.Subverting Greed: Religious Perspectives on the Global Economy. Edited by Paul F. Knitter and Chandra Muzaffar. Maryknoll, NY: Orbis Books, 2002. 193 pp.The Buddha's second noble (...) truth diagnoses the cause of suffering as desire, understood as a mental state of greed or clinging attachment that in turn leads to grasping. The mind that wants to find lasting satisfaction by grasping at objects of desire, the Buddha said, is doomed to dissatisfaction because the very nature of conditioned existence frustrates permanent pleasure. The monkey-mind keeps clinging desperately to the banana in the cage even as that clinging itself traps the hand that grasps. To let go, to escape suffering through an insight into the structural nature of the cage, the fruit, and the grasping hand, seems beyond the monkey's abilities until, chastened by the seemingly endless lack of satisfaction and wishing to emerge into a state of freedom, the monkey enters the path and trains his mind to recognize the true causes of his frustration.The teachings of the Buddha have been understood, for the past 2,500 years, as a therapy of desire. The analysis of suffering and its causes in the confused and clinging minds of ordinary sentient beings, and the prescription of a path of training to uproot those causes and thereby free the mind from suffering, have been presented as a perennial psychospiritual system of training responding to [End Page 179] the afflicted condition of every sentient being's mind regardless of culture, language, or economic system. But what happens, asks Santikaro, the American meditation teacher and disciple of Achaan Buddhadasa, in his essay in Hooked!, when this psychological inquiry is taking place in a social context marked by the deliberate and systematic exacerbation of desire, as in the contemporary period of consumerist capitalism? This question might be taken as a kind of koan to be read between the lines in all of the essays in this compelling, darkly humorous, and inspiring book: is liberation possible under capitalism? Even the Buddha's teachings can be commodified, Thubten Chodron points out in her essay, with examples ranging from the advertising hype on posters for the highest yoga tantra initiations by visiting Tibetan lamas to the high prices charged at many retreat centers and the commercial mindsets of Buddhist students wanting the biggest bang for their buck when they come to teachings or retreats. Even socially engaged Buddhist activists surf the web looking for bargains between news flashes on the latest imperial wars, as Diana Winston ruefully and comically recounts in her piece, "You Are What You Download." It seems that we are in danger of becoming a population of "hungry ghosts," the mythical beings of Buddhist cosmology whose tiny mouths cannot possibly consume enough food and drink to slake the voracious hungers and thirsts of their enormous bellies.The essays in Hooked! range widely across themes and vary greatly in styles. The text moves from the personal memoir of Winston to the meditation teachings of Pema Chodron, the philosophical inquiries into time of David Loy, descriptions of social change movements in Thailand by Pracha Hutanuwatr and Jane Rasbash, green power in contemporary Japan, essays on generosity in Zen monastic training and gift-based economies, young Buddhists' shopping habits, and much more. But all of the authors seem to agree with the recognition that, under capitalism, the problem of desire, greed, and attachment is exponentially more acute than in traditional societies, dwelling as we do in an environment that is antithetical to the very idea of a therapy for desire's overcoming. The essayists also seem to agree that hope is not vain, that it is in fact still possible to follow the path of the Buddha under capitalism, but that to be effective the practice of the path needs to take seriously and fully acknowledge the effects, intra-psychically as well as socially, of the capitalist economic system. We are... (shrink)

A longitudinal perspective on motherhood that spans the experience of gestation, birthing, the care of young children, and the mother’s relation to her grown children makes way for a conception of the mother as essentially plural. It shall be argued in this paper that maternity is necessarily tied to surrogacy, that it is divided into a multiplicity of tasks inevitably parceled out to multiple agents. In this essay, the analysis of maternal surrogacy is focused on the phenomenon of mothering from (...) a distance, a maternal practice engendered by the feminization and globalization of labor markets. By both affirming the value of maternal surrogates and questioning the limits of surrogacy, this analysis of motherhood challenges both the economic exploitation that engenders and sustains distant mothering and the gendered division of care labor that supports the global economy of care. (shrink)

As a Western citizen, am I responsible for the serious injustices, such as sweatshop labour, characterising our global economy? Benjamin McKean’s terrific new book, Disorienting Neoliberalism: Global Justice and the Outer Limit of Freedom, shows why this is a misleading question – one that will not properly orient us in relation to the neoliberal economy. McKean argues that we need to recognise that we are unfree under unjust transnational economic institutions and thus we have a shared (...) interest in resisting neoliberalism. This means that we should become disposed to heed the calls for solidarity by others across the world whose freedom is also impaired by neoliberal institutions. McKean’s book offers a powerful and persuasive new account of global (in)justice and solidarity; it is an inspiring call to arms for egalitarian theorists. Although I will raise two friendly critical observations about McKean’s argument, I recognise that this book is a major contribution to international political theory and that it sets a superb example of how to combine scholarly rigour with what might be called activist theorising. (shrink)

As a Western citizen, am I responsible for the serious injustices, such as sweatshop labour, characterising our global economy? Benjamin McKean’s terrific new book, Disorienting Neoliberalism: Global Justice and the Outer Limit of Freedom, shows why this is a misleading question – one that will not properly orient us in relation to the neoliberal economy. McKean argues that we need to recognise that we are unfree under unjust transnational economic institutions and thus we have a shared (...) interest in resisting neoliberalism. This means that we should become disposed to heed the calls for solidarity by others across the world whose freedom is also impaired by neoliberal institutions. McKean’s book offers a powerful and persuasive new account of global (in)justice and solidarity; it is an inspiring call to arms for egalitarian theorists. Although I will raise two friendly critical observations about McKean’s argument, I recognise that this book is a major contribution to international political theory and that it sets a superb example of how to combine scholarly rigour with what might be called activist theorising. (shrink)

Recent decades have witnessed both a renewed energy in feminist activism and widespread attacks taking back hard-won rights. Despite powerful feminist movements, the Covid-19 pandemic has significantly undermined the progress women have struggled for decades to achieve; how can this be? What explains this paradox of a strong feminist movement coexisting with stubborn patriarchal arrangements? How can we stop the next global catastrophe initiating a similar backlash? This book suggests that the shortcomings of social theory prevent feminist strategies from (...) initiating transformative changes and achieving permanent gains. It investigates the impact of theoretical shortcomings upon feminist strategies by engaging with two clusters of work: ungendered accounts of capitalist development and theories on gendered oppression and inequality. Decentring feminist theorising grounded in histories and developments of the global North, the book provides an original theory of the patriarchal system by analysing changes within its forms and degrees as well as investigating the relationship between the gender, class and race-ethnicity based inequalities. Turkey offers a case that challenges assumptions and calls for rethinking major feminist categories and theories thereby shedding light on the dynamics of social change in the global South. The timely intervention of this book is, therefore, crucial for feminist strategies going forward. The book emerges at the intersections between Gender, International Development, Political Economy, and Sociology and its main readership will be found in, but not limited to these disciplinary fields. The material covered in this book will be of great interest to students and researchers in these areas as well as policy makers and feminist activists. (shrink)

Issues of the ‘global commons’ have secured a prominent place in environmental discourse. The temperature-regulating functions of the global atmosphere and radiation control functions of stratospheric ozone offer clear examples of true public goods. Other environmental assets, such as biodiversity and forests, are treated as if they are public goods, but in reality are complex mixtures of private goods, local public goods and global public goods. The approach to the provision and protection of these goods has tended (...) to focus on the development of international agreements, such as those at the Rio de Janeiro ‘Earth Summit’ in 1992. But do these agreements contain the relevant incentives to conserve the global commons? Much depends on one's view of human nature. The Scottish economic tradition suggests that unless incentives focus on ‘self love’, as postulated by Hume and Smith, improvements will, at best, be marginal. A richer array of policy measures is obtained by analysing the potential for ‘global bargains’, trades that improve the environment whilst making each party better off. The souls of Hume and Smith surely approve recent developments in practical global bargains. (shrink)

This paper formulates a vision for leadership based on integrity in business, banking, government and politics. It proposes a tripartite response to the current grave difficulties affecting international finance and markets: a renewal of values and virtues, acceptance of the centrality of the human person, and appropriate recourse to key principles of Catholic social teaching, as articulated in Pope Benedict XVI’s encyclical, Caritas in Veritate. By considering Ireland’s “Celtic Tiger” period, particularly the actions of the Anglo Irish Bank, we show (...) how failures in leadership and integrity at all levels of Irish society, including business, politics, government, public sector and church, have eroded trust and damaged the reputation of key institutions. The paper presents plain suggestions for civic leaders on how putting people first can help restore trust, reputation, integrity and professionalism at local and global levels. (shrink)

In 1972 a public choice model predicted that the incipient environmental movement in the United States would grow but encounter overwhelming industrial opposition. Twenty years later we find the model overstated this opposition. Environmental pressure groups were able to pass substantial legislation, resist counter forces, and reduce most targeted pollutants. A revised public choice model predicts that the success of the present global environmental movement depends on (1) information flows between scientists and the public on the potential costs of (...) deterioration, and (2) means for reducing the costs of regulation such as relying more on market incentives. (shrink)

This paper examines the relations and the tensions between debility and disability in global contexts defined by complex forms of bio-social precarity. My focus is Baan Kamlangchay, in Thailand, a care home providing care for older people with dementia and Alzheimer's disease from the global North. I treat Baan Kamlangchay as one concrete example of emerging circuits of transnational care/reproductive labour in order to investigate the interrelations between disability and wider global bio-political inequalities. Using the concept of (...) ‘biolegitimacy’, I discuss the power dynamics in the relationships between the racialised and gendered care workers in the centre and (white) disabled residents. I argue that debility, understood as the flexible gradation of dis/ability and in/capacity, allows us to better understand these novel forms of embodied precarity and their political implications in global contexts. (shrink)

Ronald Preston found Alasdair MacIntyre's analysis of plurality and incommensurability unconvincing, holding that, ultimately, a common rationality enabled disparate perspectives to achieve shared positions. This commitment made Preston sceptical of theologies which drew on MacIntyre to deny the possibility of meaningful dialogue with economics but he ignored the argument that shared liberal roots might constrain his own critique of market institutions. Preston's theological conversation with economics assumes a state-based capitalism, political dominance over economics and a thin plurality. Globalisation challenges such (...) foundations severely but MacIntyre's focus on communities of tradition offers only a weak challenge to global economic power. Preston's understanding of the significance of finitude in economics and MacIntyre's focus on the problems of plurality and the communitarian response are both important in any response to contemporary globalisation. This article explores whether the respective virtues of Preston's and MacIntyre's approaches can coalesce in a theology adequate to the global era. (shrink)

The global development of human embryonic stem cell science and its therapeutic applications are dependent on the nature of its engagement at national and international levels with key cultural values and beliefs concerning the moral status of the early human embryo. This article argues that the political need to reconcile the promise of new health technologies with the cultural costs of scientific advance, dependent in this case on the use of the human embryo, has been met by the evolution (...) of bioethics as a political community, transnational network, and bureaucratic device. Bioethics has become the political means for the creation of a global moral economy where the trading and exchange of values is normalized and legitimated. As a result of such trading, value compromises are produced capable of legitimizing the regulatory policies necessary for maintaining public trust in the new science. (shrink)

Taking issue with those who see recent social transformations as an extension of modernity, the author contends that social theory must confront an epochal change from the modern era to a new era of globality, in which human beings can conceive of forces at work on a global scale, and in which they espouse values that take the globe as their reference point. The book begins by assessing the problems of writing about modernity, showing how narratives of an endlessly (...) self-perpetuating modern age were intrinsic to the "modern project," the attempt by Enlightenment philosophers to transform the everyday world in accord with science and logic under the auspices of the nation-state. Now we are beginning to realize that the nation-state and the modern project cannot renew themselves endlessly through expansion. Instead, the author contends, the age has culminated in its own dissolution, and globality has supplanted modernity as the basis for action and social organization. In theorizing the global age, he considers the worldwide environmental consequences of aggregate human activities, the reconception of human security in the age of nuclear weapons, technological advances in communication systems, the rise of a global economy, and the growing reflexivity of global consciousness, as people and groups begin to refer to the globe as the frame for their beliefs. The book concludes by examining the consequences of the Global Age thesis for politics, identifying a new popular construction of the state that the author terms "performative citizenship." In the modern age, the nation-state was the central power and citizens were beneficiaries of that power, with rights and duties. In the global age, citizens respond to the lack of central power by creating, or performing, the state themselves. The global managerial class uses the skills learned in the bureaucracy of the nation-state to bring pressure on national governments in the interests of global economic, environmental, or human-rights issues. (shrink)