Economic Globalization
Globe

There is no doubt that our modernizing economy is pulling us into a web of interdependencies. It is less clear, however, whether this development is helping to eradicate poverty or serving to magnify global inequities. Peter Singer argues in his recent book, One World: The Ethics of Globalization, "If we agree with the notion of a global community, then we must extend our concepts of justice, fairness, and equity beyond national borders by supporting measures to decrease global warming and to increase foreign aid." As with so many other developments of our time, the pressing issue here is whether our moral wisdom can keep pace with, and inform, our technical achievements.

Neo-liberal capitalist discourse dominates the discussion of globalization. Much of the controversy surrounding the practices of corporations, the WTO, the World Bank, and the IMF, however, is not simply a misunderstanding of economic rhetoric. There is much more at stake than can be satisfactorily articulated through cost-benefit analyses and indifference curves. Humanistic knowledge can help us articulate the ethics of capitalism and re-envision globalization outside the narrow logic and discourse of contemporary economics.


Links:
Theory of the anti-globalization movement