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What does James mean when he says that the subject of fairness in international trade is of market reliance?
The international social practice of Market reliance is the social practice where countries mutually rely on common markets (goods, services or capital) for the sake of augmenting their national incomes.
What does James mean by structural equity in the international market reliance practice?
He means that the international market reliance practice (the practice where countries mutually rely on common markets for the sake of their national incomes) distributes the benefits and burdens it creates according to a pattern that is reasonably acceptable to every country and class affected.
For James, how could one judge the international market practice to be structurally inequitable?
One could judge that it is structurally inequitable if one could reasonably object to a particular set of arrangements, given a less objectionable alternative to which no one has a comparably powerful complaint.
What are the three principles that James proposes to govern international trade?
Collective due care
International Relative Gains
Domestic Relative Gains