This chapter defends basic income. This policy requires the state to make regular cash payments to each member of society, irrespective of their other income or wealth, or willingness to find employment. It starts by describing three effects of basic income. The first is that it will raise the incomes of the least advantaged. The second is that it will protect against the threats of exploitation and abuse. The third is that it will remove one obstacle to finding employment. The chapter then explains the significance of these effects by drawing on ideas about distributive justice, emphasizing the relevance of John Rawls’s justice as fairness and Elizabeth Anderson’s democratic equality. It also considers the claim that basic income should be rejected because it would require the state to interfere with the lives of those who would be taxed to fund it, arguing that it is a mistake to oppose taxation in such a wholesale way. The chapter concludes with a reflection on the economic sustainability of basic income.
Chapter
7. Basic Income and Distributive Justice
William Abel, Elizabeth Kahn, Tom Parr, and Andrew Walton
Chapter
5. The Distribution of Property
This chapter examines the concept of distributive justice, asking in particular whether citizens should have the liberty to acquire and dispose of property however they see fit, or whether there are justified restrictions on economic activity in the name of liberty or justice. It begins with a discussion of the problem of distributive justice, taking into account a variety of differing opinions on how a liberal society should distribute property, along with the so-called income parade. It then considers property and markets, focusing on John Locke's ideas, and the free market principle. It also explores John Rawls's theory of justice and some of the criticisms levelled against him, including those by Robert Nozick.
Chapter
13. The Political Economy of Global Inequality
Erin Lockwood
The GPE is characterized by tremendous disparities in wealth and income both within and between countries. Patterns of inequality have their origins in both historical institutions, like colonial extraction, as well as contemporary institutions, like the liberal trading order and financial capitalism. Although typically measured in economic terms, this work shows that the consequences of global inequality go beyond wealth and income to affect political institutions, labor conditions, and migration pressures and restrictions. However, not everyone agrees that global inequality is inherently a bad thing: some approaches to global justice emphasize absolute measures of economic well-being, such as GDP growth or declines in the number of people living in poverty, over relative concepts like levels of inequality. Nonetheless, many scholars and practitioners would prefer to reduce the level of global inequality in practice, and this work concludes with an overview of some policies that have been proposed as partial solutions.
Chapter
10. Inequality
Eduardo Ortiz-Juarez and Andy Sumner
This chapter explores income inequality in the global political economy. Income inequality matters for intrinsic and instrumental reasons, and intersects with inequalities between social groups based on gender, race, and other factors. There are three ways to think about income inequality at a global level: ‘international inequality’, ‘world inequality’, and ‘global inequality’. One can say that international inequality and world inequality have unambiguously declined since 1980. However, the magnitude of the decline depends on whether the size of countries' populations is taken into account. Meanwhile, national inequality refers to differences in income between individuals within a country. The chapter then discusses poverty. Ultimately, explanations for patterns of inequality in the contemporary period can be traced to many of the dynamics associated with globalization, particularly the reorganization of the global economy around global value chains (GVCs) and the implications for countries pursuing ‘late development’.
Chapter
8. European Integration in the Image and the Shadow of Agriculture
Ann-Christina L. Knudsen
This chapter examines the common agricultural policy (CAP) in the context of political rather than economic terms. It first provides an overview of the development of the European agricultural welfare state, explaining why and how agriculture was able to claim and uphold a special position in Europe. It then considers CAP's achievements and unintended consequences and cites financial pressure as a strong incentive for CAP reform in the early 1990s, as was the pernicious international impact of the policy. It shows how concerns about the environment and food safety, and about the possible impact of European Union enlargement into Central and Eastern Europe, maintained the momentum for reform. Given the broad political commitment to supporting farm incomes, and sustaining a viable countryside in the EU, however, the chapter suggests that CAP is likely to endure in some form or other.
Chapter
2. Poverty and Inequality
Naila Kabeer and Alan Thomas
This chapter examines a range of different ways of determining whether or not someone is 'poor' in an absolute sense, before discussing poverty in relative and cultural terms and the related idea of inequality. Income poverty has many limitations as a measure of poverty. Other ways of conceiving and measuring the poverty of individuals include: taking gender and other inequalities into account within and between households; relative poverty or social exclusion; poverty as a deprivation of capabilities; and incorporating multiple dimensions of deprivation. Poverty is also applied to whole communities, regions, or countries. Two main contrasting ways of measuring poverty at these levels are gross national income (GNI) per capita and the Multidimensional Poverty Index (MPI). Globally, patterns of poverty and inequality are changing so that the majority of poor people no longer live in poor countries as measured by GNI per capita. Global poverty also has to be considered alongside social disintegration and environmental destruction as interrelated issues and parts of a 'global crisis'.
Chapter
6. Diseases of Poverty
Melissa Parker and Cristin Fergus
This chapter assesses what the diseases of poverty are. Infectious diseases of poverty are widespread in low-income countries. As a result, under-five child mortality is often higher and life expectancy lower in these countries, compared with middle- and high-income countries. There are long standing disagreements about the most effective way to combat diseases of poverty in low-income countries. In particular, there is an enduring debate about whether selective biomedical interventions (such as deworming for neglected tropical diseases) should be the main focus of public health programmes or whether the most effective way forward is to develop a comprehensive approach which strengthens all levels of the health system, including primary health care units, while simultaneously improving access to clean water and sanitation facilities. Many populations no longer live in abject poverty, and the causes of death and disability have changed from infectious diseases to non communicable diseases. These changes are often described as an epidemiological transition. However, it has also been noted that a transitional period frequently occurs in which populations experience the 'double burden' of long standing infectious diseases alongside chronic, non communicable diseases.
Chapter
12. Global Growth, Inequality, and Poverty:
Power and Evidence in Global ‘Best Practice’ Economic Policy
Robert Hunter Wade
This chapter argues that economists have oversold the virtues of globalization, displaying confidence in derived policy prescriptions well beyond the evidence. The most spectacular recent demonstration of hubris is the failure of almost the whole of the mainstream economics profession in the few years before 2007–8 to forecast a major recession. The chapter then outlines the neo-liberal world view and its application in the form of the development recipe known as the Washington Consensus. Since the 1980s, the Western economic policy ‘establishment’ has espoused a doctrine of ‘best economic policy’ for the world which says, put too simply, that ‘more market and less state’ should be the direction of travel for developed and developing countries. This overarching neo-liberal ideology embraces globalization as a major component, relating to the nature of integration into the international economy. The chapter then looks at trends in world income distribution and poverty, bearing in mind the optimistic claims of the globalization argument.
Chapter
5. The Distribution of Property
This chapter examines the concept of distributive justice, asking in particular whether citizens should have the liberty to acquire and dispose of property however they see fit, or whether there are justified restrictions on economic activity in the name of liberty or justice. It begins with a discussion of the problem of distributive justice, taking into account a variety of differing opinions on how a liberal society should distribute property, along with the so-called income parade. It then considers property and markets, focusing on John Locke’s ideas, and the free market principle. It also explores John Rawls’s theory of justice and some of the criticisms levelled against him, including those by Robert Nozick.
