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Developing Countries in the WTO Legal System$
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Joel P. Trachtman and Chantal Thomas

Print publication date: 2009

Print ISBN-13: 9780195383614

Published to Oxford Scholarship Online: September 2009

DOI: 10.1093/acprof:oso/9780195383614.001.0001

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Justice, the Bretton Woods Institutions, and the Problem of Inequality

Justice, the Bretton Woods Institutions, and the Problem of Inequality

Chapter:
(p.475) 18 JUSTICE, THE BRETTON WOODS INSTITUTIONS, AND THE PROBLEM OF INEQUALITY
Source:
Developing Countries in the WTO Legal System
Author(s):

Frank J Garcia

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780195383614.003.0018

The Bretton Woods Institutions and the WTO are the preeminent international institutions devoted to managing international economic relations. This mandate puts them squarely in the center of the debate concerning development, inequality, and global justice. While the normative analysis of the WTO is gaining momentum, the systematic normative evaluation of the World Bank and the International Monetary Fund is comparatively less developed. This chapter contributes to that nascent inquiry. How might global justice criteria apply to the ideology and operations of the Bank and Fund? Political theory offers an abundance of perspectives from which to conduct such an analysis; this chapter focuses on Rawls's theory of justice as fairness adapted to international institutions by the author in connection with the WTO and extend it to the remaining “legs” of the Bretton Woods “stool”. It asks what difference it would make for the Bank and Fund if an explicit global justice framework informed their international lending activities.

Keywords:   WTO, World Bank, International Monetary Fund, international justice, Rawls, international economic institutions

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