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On Global Justice$
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Mathias Risse

Print publication date: 2012

Print ISBN-13: 9780691142692

Published to University Press Scholarship Online: October 2017

DOI: 10.23943/princeton/9780691142692.001.0001

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date: 14 December 2017

Justice and Trade

Justice and Trade

Chapter:
(p.261) Chapter 14 Justice and Trade
Source:
On Global Justice
Author(s):

Mathias Risse

Publisher:
Princeton University Press
DOI:10.23943/princeton/9780691142692.003.0014

This chapter examines what justice requires for international trade. It considers two problems: first, what follows about trade from the human rights–oriented principles already discussed, and second, whether any new and distinct principles of justice arise out of the fact that we live in a world of multiple states where there is trade across borders. Trade theory supports free trade: barriers like tariffs and quotas obstruct mutually beneficial transactions. Countries should undo them, even unilaterally. The chapter first asks whether there are any independent principles of justice having to do with the distribution of gains and losses from trade, both among and within states. It then explores the question of subsidies and what arguments are available in support of those who ask their government for subsidies. It also explains how talk about justice maps into talk about fairness.

Keywords:   justice, international trade, human rights, principles of justice, states, subsidies, fairness, free trade

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