How does the international order harm disadvantaged societies? A look at the practice of international investment
There’s a longstanding debate amongst students of global justice and within popular discourse about the extent to which the ‘international order’ harms populations in disadvantaged countries. While some scholars argue that international trade agreements are exploitative or unfair and otherwise fail to work to the most disadvantaged, others caution against over-attributing the causes of global poverty to external factors. Instead, it is often said, domestic corruption and poor governance are at least half the story.
It’s true that global poverty and underdevelopment have complex causes and no single solution. But even if domestic factors matter, the fact is that certain rules of the international order can constrain domestic institutions in ways that perpetuate the plight of disadvantaged populations. In other words, the relationship between the global order and the dire situations often faced by disadvantaged populations in the Global South may sometimes be one of indirect harm, and yet such harm is nonetheless morally significant. The international investment regime, as I have argued elsewhere and will discuss below, is a good case of this relationship.