Beginner level presentation on the issue of increasing need for legal research to better understand global inequalities, global injustice for an ordered global society of tomorrow.

1. D E V E L O P I N G
C O U N T R I E S A N D
G L O B A L J U S T I C E

2. I N T R O D U C T I O N
G L O B A L I S A T I O N
G L O B A L I S A T I O N
P O T E N T I A L
R I S K F A C T O R S
G L O B A L
J U S T I C E
S Y S T E M
Is the current International Economic Order Unjust?

3. H I S T O R I C A L P E R S P E C T I V E
• Ambitions of Great Empires— Roman, British, Parthians, Hans
• Globalisation transcends borders— Silk Route connected Han, Parthians and
Romans
• Modern Globalisation Post World War II, acceleration phase in the Cold War Period
• Bretton Woods Agreement, 1944 (I.M.F. & W.B.), Dollar as International Reserve
Currency
• Interwoven and integrated— investments, IT, public policy & culture
• Emergence of the Free Economic System
• Accelerated phase— Digitisation, Ease of Doing Business, Knowledge spillovers,
Global Village
• Rapid Industrialisation and financial opportunities World Wide.

4. G L O B A L I S A T I O N I N D E V E L O P I N G
C O U N T R I E S
• Free Market Regime— LDC, SIDS, DCs opening their
economies, improved standard of living, but Developed
Nations big gainers
• Impact of Social Media— increased connectivity pros & cons
• Globalisation— poverty alleviation but increased inequalities,
degradation of environment, global village with deep
injustices?
• Regionalism, limited countries with industrial growth, skewed
distribution of income among developing and the developed

5. G L O B A L I S A T I O N I N D E V E L O P I N G
C O U N T R I E S — C O N T D .
• 1990-2000, According to IMF Report, Income of Rich Nations went
up 6 times compared to that of poor nations went up by a factor of
3%
• 1980-1990, 25 Countries Accounted for 90% of total financial
transactions in the world
• Since 1948, World Trade rose 15 times (after GATT)
• Since 1950, Developing Countries GDP per capita tripled, life
expectancy increased by 20 years, literacy rate by 30%
• Developing countries need more regional cooperation and
integration of their economies to compete in international Trade &
Commerce.

6. R E G I O N A L I N T E G R A T I O N
• Free Trade Areas
• Custom Unions
• Common Markets
• Economic Unions
• Monetary Unions

7. G L O B A L J U S T I C E & B U S I N E S S
E T H I C S
• 1970, John Rawl — “Justice as Fairness”
• Arbitrary distribution of International Natural Resources
• Pogge — ‘ a global institutional order’
• Humanity and Humanitarianism — duty to help distressed, needy, not inflicting sufferings
on others for own benefit
• Rich Nations — moral responsibility, deprivation of poor from benefits of globalisation, a
nexus of powerful governments & authoritarian leaders sustaining status quo in the global
institutional order?
• Cardinal Principle — sustainable development all over the world
• Amartya Sen (Nobel Laureate), on Global Justice, emphasised on “the basic idea of
realised justice”, Niti - basic idea, Nyaya - Justice. Convergence with Hobbe on the need
for a World Government to realise global justice.
• Synopsis— Development of Legal institutions and economic development must go hand
in hand.

8. C O N C L U S I O N
• Global Poverty, Increasing Inequalities, Global
Warming, Sustainability must find centre stage in
bringing a Global Justice Order
• Need for sustained research in the aforementioned
field is imperative.

9. T H A N K - Y O U F O R Y O U R
T I M E