Critically assess the relationship between global development and justice

Abstract

This article discusses the relationship between the legal institutions of international economic law and justice and development. The international economic law institutions such as the World Bank, the International Monetary Fund, the World Trade Organization and the International Labour Organization and their main aims will be discussed briefly. Then, it will be questioned that what is the target of these legal institutions that is human rights or justice and development. Do the effects of these legal systems spread fairly all over the world? Additionally, global capitalism having been strengthened by neoliberalism deepens the economic gap between the developed world countries and the rest of the globe. Hence, it will be indicated to what extent the neoliberalism effects on development. Further, these institutions serve a quite successful mechanism for ensuring justified economic development within the first world countries. They directly show weakening relationship between development and justice, because international law has always served for the interests and concerns of the first world countries not for the developing countries.