Comparative systems, destructive trade and world distributive justice

Abstract

Using empirical evidence and theoretical analysis we show the fallacy of globalization through free international trade. A new and more comprehensive destructive trade analysis indicates that free international trade per se is likely to worsen world economic conditions and especially those of the poor majority of mankind. The dramatic gap estimated by UNDP between the rich and the poor of the world, and its continuing worsening over the past forty years, are both the cause and the effect of destructive trade. Thus it appears that free-trade globalization involves a state of instability and explosiveness.

Citation

Vanek, J. (2003), "Comparative systems, destructive trade and world distributive justice", Advances in the Economic Analysis of Participatory & Labor-Managed Firms (Advances in the Economic Analysis of Participatory & Labor-Managed Firms, Vol. 7), Emerald Group Publishing Limited, Leeds, pp. 249-266. https://doi.org/10.1016/S0885-3339(03)07012-1