The level of the global economy: Giving globalisation a humane appearance


1) An international order of competition must be established to insure that fair competition takes place within legal boundaries and political oversight.
 

2) The international monetary flow must be tied to realistic economic goals of growth and adequate employment.
 

3) Social security systems must be protected against structural distortions. The forces on the free market must be flanked by protection of basic human rights and provisions for fundamental social security for all human beings.
 

4) The drastic economic and social discrepancies between the regions of the world – unequal distribution of prosperity, education and health – must be overcome.
 

5) Instead of short-term satisfaction of immediate needs, the rising social and ecological costs must be accounted for, which at present are often passed off by the corporations onto the industrial and developing countries.
 

6) The inordinate consumption of non-renewable resources (fossil fuel, water etc.) must be stopped. Current prices do not reflect the real scarcity of such resources; instead costs are passed on to future generations.
 

Cited from Hans Küng, A Global Ethic for Global Politics and Economics, p. 216/17

 














Upper photo: Passage “Europa”, Hamburg
 
Lower photo: Shops in Sri Lanka
Global Ethic
and Economy


The Three Levels of Economic Decision-Making

GLOBAL ECONOMY
Köhler
Globalisation
Humane appearance
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