Analysis Of The Book ' Stiglitz ' A Recipient Of The Nobel Prize ' Economics, And Andrew Charlton

930 WordsJun 24, 20164 Pages
Stiglitz, a recipient of the Nobel Prize in Economics, and Andrew Charlton, a fellow economist, propose a new, radical solution to world trade problems – a solution that brings equilibrium to the trading relationships between the poorest and richest countries. The book contains an in-depth, college level understanding of fair trade and its theoretical applications on third world countries. With regards to theoretical applications, the book elaborates on the proposal, which is fair trade, and how it can initiate development in a country. Besides providing a holistic and substantive perspective on fair trade, the book also expounds on the effects of globalization on world trade and the development of third world countries. The book is useful to the study, as it will provide a clearer and better understanding of fair trade and support the arguments in the study. The main limitation of the study is that the book covers a wide area – fair trade, world trade, and third world countries, without going in-depth to labor rights abuse. Formed from the decimation of industrial jobs and farm incomes due to the unjust terms of trade and arrangements in the Philippines, Fair Trade Alliance elaborates on how fair trade can elevate the Philippines’ and other similar countries’ economic status sustainably. The book provides a college level understanding of the trade methods of solving economic problems. To combat the ill effects of globalization on the economy of the Philippines, the book

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