The global economy generates wealth and prosperity just as it engenders poverty, inequality, and injustice. The systemic flaws in the operation of cross-border markets are evident where the mechanics of the global economy enable or exacerbate deprivation, food insecurity, capital flight, the exploitation of natural resources, or environmental harms. These crises might point to failures of domestic and multilateral governance, to failures of law, regulation and systems of accountability, as well as to the need to interrogate the dominant paradigms that shape the international economic order.
LAB will initiate and support cutting-edge research, identify and address gaps in policy and practice, and consolidate and cross-fertilise high-quality scholarship that is on-going but too often streamed into separate tracks. LAB will provide a hub for creative work to undertake advanced theoretical, normative, as well as applied research on issues central to concerns around justice under conditions of globalisation.
The inaugural phase of LAB's work is funded by the Norwegian Ministry of Foreign Affairs and the support is gratefully acknowledged.