The case for globalisation

Abstract

This article starts with stating the Hayekian position, that social justice is an uattainable, and even undesirable goal for the development of human society. Whereas the market economy, might not always result in the best possible result for each and every individual, the alternatives are by far worse. It then goes on to the international level and shortly examines the findings of the UNDP, of increasing poverty and also why this might not be true. Next it reviews the possible connections between the so called globalisation, here defined as the evolvement of free trade, and poverty levels. It then clarifies some basic questions on how free markets would affect the developing nations, before finishing with the possible alternatives, that would only make matters worse.