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Speed, law and the global economy: How economic acceleration contributes to inequality and precarity
Leiden Journal of International Law ( IF 1.3 ) Pub Date : 2020-06-02 , DOI: 10.1017/s0922156520000242
Nicolás M. Perrone

The law is implicated in many of the relations that produce inequality and precarity in the global economy. It contributes in different ways to the unequal bargaining power between states, capital, and labour. One way that has attracted less attention so far relates to how the law accelerates economic relations. This article examines the role of law in the global economy not by focusing on the international economic institutions, such as the World Trade Organization (WTO), the European Union (EU) or the International Monetary Fund (IMF), but on the transactions that plug maquila workers and freelancers into the global economy. The argument is that the speed of these economic relations favours those who command international production, creating what Hartmut Rosa calls a ‘frenetic standstill’. Importantly, the law can also contribute to changing these bargaining dynamics by slowing down some of these transactions and facilitating their territorial re-embedding. This strategy, however, requires a better understanding of the role of law in transnational networks of contracts as well as more state and non-state international co-ordination: The opposite of nationalist attitudes, such as Brexit and Trump’s trade policy.

中文翻译:

速度、法律和全球经济:经济加速如何导致不平等和不稳定

法律与许多导致全球经济不平等和不稳定的关系有关。它以不同的方式促成了国家、资本和劳动力之间不平等的议价能力。迄今为止引起较少关注的一种方式与法律如何加速经济关系有关。本文考察法律在全球经济中的作用,并非关注世界贸易组织 (WTO)、欧盟 (EU) 或国际货币基金组织 (IMF) 等国际经济机构,而是关注使加工工人和自由职业者融入全球经济。论点是,这些经济关系的速度有利于那些控制国际生产的人,造成了哈特穆特·罗莎(Hartmut Rosa)所说的“狂热停滞”。重要的,法律还可以通过减缓其中一些交易并促进其领土重新嵌入,从而有助于改变这些讨价还价的动态。然而,这一战略需要更好地理解法律在跨国合同网络中的作用以及更多的国家和非国家国际协调:与英国脱欧和特朗普的贸易政策等民族主义态度相反。
更新日期:2020-06-02
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