Denkanstoß: A Doctrine of Balance

This text summarizes the author’s personal impression and conclusion of the workshop “New Foundations for World Economy and Global Governance” at the World Trade Organization, July 6, 2011 in Geneva.
Two central issues have to be addressed:

  • fairness and equity (=> consensus about norms, values and virtue)
  • fair implementation process towards equity and sustainable development

It seems that a consensus about fairness and equity is only achievable, if the question how to finance the necessary implementation process towards equity is answered. Because of this necessity, a suggestion for the implementation process will be described first, followed by a suggestion on how to reach a consensus about fairness and equity in World Economy and Global Governance.