In this article, after having shown the connections between the present Encyclical and Populorum Progressio, we attempt to point out how the new elements are linked to the phenomenon of globalisation. We shall analyse particularly the problems resulting from the technical forces in play, the global interrelations, the damaging effects on the real economy of badly managed and largely speculative financial dealing, the large-scale migration of peoples, the unregulated exploitation of the earth's resources. All the arguments considered should be interpreted in the light of the Introduction, which points out how the economic system requires ethics in order for it to work properly, recovering the principle of giftedness within a market economy where the exclusive search for profit and individual satisfaction cannot be the ruling principle.
Globalisation and Development in the Encyclical Caritas in Veritate
AMATO, AMEDEO ANTONIO;CONSIGLIERE, ISABELLA
2010-01-01
Abstract
In this article, after having shown the connections between the present Encyclical and Populorum Progressio, we attempt to point out how the new elements are linked to the phenomenon of globalisation. We shall analyse particularly the problems resulting from the technical forces in play, the global interrelations, the damaging effects on the real economy of badly managed and largely speculative financial dealing, the large-scale migration of peoples, the unregulated exploitation of the earth's resources. All the arguments considered should be interpreted in the light of the Introduction, which points out how the economic system requires ethics in order for it to work properly, recovering the principle of giftedness within a market economy where the exclusive search for profit and individual satisfaction cannot be the ruling principle.
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