ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Social Justice in the Global Economy

All around in the world today many advocates of social justice are in some state of despair. Some of them fear that social justice is a lost cause in a global economy. This paper analyses some of the opportunities and insecurities caused by globalisation and tries to show how a great deal of social justice remains within our grasp, even within the very real external constraints posed by globalisation.

I
Effects of International Trade and Capital Mobility on the Working Poor I will be interpreting social justice in a particular sense, especially given that it can be interpreted in various ways. The particular sense that I will use is one of poverty alleviation for the working poor, and when I say ‘the working poor’ I include those in both the formal and informal sectors, the informal sector in many of the developing countries being much larger than the formal sector. The working poor, of course, include the unemployed and the under-employed; they include the workers (like those at home) who work hard, but are not counted among the so-called gainfully employed labour force. They also include those who sometimes work, but should not, namely children. I am going to talk about child labour in the last section.

All around in the world today many advocates of social justice are in some state of despair. Some of them fear that social justice is a lost cause in a global economy. I think the best way to fight fear is to confront it, but at the same time to take prudent and cautious action. I will try to analyse some of the opportunities and insecurities caused by globalisation, and will try to show how a great deal of social justice remains within our grasp, even within the very real external constraints posed by globalisation.

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