One of the impacts of globalization in the 21st century is the liberalization of economies to improve trade across the world. What worries is that some countries, especially poor countries in Africa, the Caribbean, and the Pacific are not yet in a position to cope with the forces of such liberalism 1 . Such nations and their citizens need to be protected against some of the inherently anti-democratic terms of trade in some recent economic trade agreements (EPAs), such as the Transatlantic Trade and Investment Partnership (TTIP). According to an article by Williams, the United States and the European Union (EU) have in the past been involved in negotiations to remove trade barriers between Europe and the US, all at the expense of the economic well-being of partner nations 2 . On a closer examination, however, it is clear that the global poor are dependent on the said economies involved in TTIP and so, by extension, they will be impacted by the agreement in significant ways. First, the EPA will expose poor countries to stiff competition from well-established European and American industries, leading to loses to farmers in the poor countries. Second, government revenues will decrease across the poor countries as tax reliefs will be offered on some goods, leading to reduced spending on necessities such as healthcare and education in poor countries 3 . Additionally, the proposed Investor-State Dispute Settlements (ISDS) will be an inherent assault on democracy, allowing private companies to sue governments if their policies lead to loss of profits.
The case abovementioned is that of global economic justice which requires what Doyle determined as the ‘multilateral revival’ 4 . Through a multilateral intervention for economic justice, it will be possible to reduce poverty in poor countries and thus promote human dignity. This intervention should take a three-stage approach as described by 5 . The stages include: (1) identification of significant international community members; (2) organizing roundtables and workshops for the chosen representatives of the significant members; and (3) beginning on a step towards enhancing equality and prosperity for all members on EPA.
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BIBLIOGRAPHY
Doyle, M. W. (2001). The New Interventionism. Metaphilosophy, 32 (1/2), 212-233.
Kaseki, J-R. (2007). Unfair Trade. The Guardian, the guardian.com. Retrieved 26 Jun 2018, from https://www.theguardian.com/commentisfree/2007/jan/30/davos07newtradedealsnewd
Sivac-Bryant, S. (2015). The Omarska Memorial Project as an Example of How Transitional Justice Interventions Can Produce Hidden Harms. International Journal of Transitional Justice , 9, 170-180. doi: 10.1093/ijtj/iju023
Stanford Encyclopedia of Philosophy. (2015). Global Justice. Stanford.edu. Retrieved 26 Jun 2018, from https://plato.stanford.edu/entries/justice-global/
Williams, L. (2015). What is TTIP? And six reasons why the answer should scare you. Independent.co.uk. Retrieved 26 Jun 2018, from https://www.independent.co.uk/voices/comment/what-is-ttip-and-six-reasons-why-the-answer-should-scare-you-9779688.html
1 Stanford Encyclopedia of Philosophy. (2015). Global Justice. Stanford.edu.
2 Williams, L. (2015). What is TTIP? And six reasons why the answer should scare you. Independent.co.uk.
3 Kaseki, J-R. (2007). Unfair Trade. The Guardian, the guardian.com
4 Doyle, M. W. (2001). The New Interventionism. Metaphilosophy, 32 (1/2), 212-233.
5 Sivac-Bryant, S. (2015). The Omarska Memorial Project as an Example of How Transitional Justice Interventions Can Produce Hidden Harms. International Journal of Transitional Justice , 9, 170-180.
