RT Article
T1 Fairness in International Trade and Investment: North American Perspectives
JF Journal of business ethics
VO 84
IS 3
SP 405
OP 405
A1 Bird, Frederick
A1 Vance, Thomas
A1 Woolstencroft, Peter
LA English
PB Springer Science + Business Media B. V
YR 2009
UL https://www.ixtheo.de/Record/1785632817
AB This article reviews the practices and differing sets of attitudes North Americans have taken with respect to fairness in international trade and proposes a set of common considerations for ongoing debates about these matters. After reviewing the asymmetrical relations between Canada, the United States, and Mexico and the impact of multilateral trade agreements on bilateral trade between these countries, the article looks at four typical normative views with respect to trade held by North Americans. These views variously emphasize concerns for protectionism, liberal fair play, distributive justice, and dissent in the name of the environment or the working classes. Acknowledging that the debates over what is fair are not likely to be easily resolved, we call for open political processes that allow these debates to proceed, and we identify five common points of reference that might usefully inform these debates. These comprise (1) respect for flexibility, (2) the importance of institutions, (3) greater attention to the commutative justice principles for fair exchanges and corresponding guarantees so that all countries possess basic power to bargain on their own behalf, (4) the need to find fitting balance between local, national, regional, and international trade, and (5) more concern for the ways false pricing and abusive transfer pricing distort international trading relations.
K1 transfer pricing
K1 Commutative justice
K1 Distributive Justice
K1 Procedural Justice
K1 Fair play
K1 protectionism
K1 Fairness
K1 asym- metrical dependency
K1 NAFTA
K1 WTO
K1 North America
DO 10.1007/s10551-009-0206-x