On the Fairness of the Multilateral Trading System

Abstract

AbstractThree perspectives on international trade are present in current debates. From the first perspective, trade is regarded as a set of individual transactions among consenting parties and considerations of fairness and justice barely feature, if at all. The second perspective underlines the importance of background structures for trade, maintained by states, which gives rise considerations of fairness and justice. One prominent version of this perspective, for example as defended by Aaron James, views all trading states as having in principle equal claims to the gains from trade. A third perspective puts the focus on exploitation. In this special issue, Mathias