The Concept Of Fair Trade

Main protectionist policies include tariffs, quotas, embargos and voluntary export restraints, and Adam Smith’s idea of absolute advantage has been developed further to explain international trade. In recent years, protectionism has become closely related to globalization during which the influences of trades spread almost everywhere, so people insist upon the study of social deformities generated by improper policies on international trade and the task of pointing them out with a view to remedy. There are certainly both economic and political purposes of trade

Fair trade is a market reactive system that wants to abolish global inhumane acts from child labor, poor working environments, low wages, and healthy working conditions. Fair Trade does not control the prices at a local level the producers

Fair-trade is a trading partnership that focuses on sustainable development for poorer producers. they do this by providing better trading conditions and raising awareness of their situation.

In conclusion, the topic of free trade is difficult to debate and often controversial as it has advantages but also disadvantages. Nonetheless, the drawbacks outweigh the benefits as it one, contravenes basic moral ideologies, two, makes the rich, richer, and the poor, poorer, and three, jeopardizes our declining environment. All in all, free trade will neither support nor sustain our country to be ethical, prosperous or

While many see free trade beneficial not only to America, but to all nations as well, others would argue that the entire concept of free trade is now a major misconception. What has become commonplace in the U.S. economy is now “tradition” enough to discourage the very thought of disagreeing with free trade. The incorporation of this government deal has long since been a part of history, making it hard for one to plea the case of operating otherwise. Whether viewed as good or bad, analyzing and recognizing the various factors of free trade only serves as a fundamental measure in strengthening the argument.

The pro free-trade camp in this country has tried to sell free trade generally, and the WTO in particular, on the grounds that free trade in other countries is a good idea. When other countries drop their trade barriers, American companies export more, and consequently create more export-related jobs. All true enough, but what free-traders fail to talk about, and their silence is deafening, is that free trade in the United States is a good idea.

In addition to that, when developing countries were convinced, it has come to the arisen of a contemporary debate of free trade vs. fair trade. Obviously, in economic globalization of free trade, China has a main advantage which is low working wage, relatively to the US wage. And, the problem is that there is no mean of defining "unacceptably low wages" or "inhumane working conditions." As a result of the huge international gap of living standards, China has benefited from free trade, although most Americans view it as an unfair

I actually used this article for last week's paper, but I think it's fitting since free trade is such a hot-button issue during this year's presidential election. "Shattering the Myths About U.S. Trade Policy" discusses 3 major myths about free trade. Over the past decade or so, free trade has been drawing a lot of criticism. Many people argue that free trade is responsible for so many job losses in the manufacturing industry, competing with developing countries lowers our standard of living and increases wage inequality, and that rapid economic growth in countries like China and India led to high oil prices.

The present day global capitalist economy dominates world markets and, though it proves efficient for the industrialized North, it does not favour those living in the Global South. Fair Trade, perhaps today's largest alternative to this system, has existed since the beginning of the 20th century and has been challenging capitalism since its inception. What began as missionary efforts exploded in the 1990s to create what we now know as present day Fair Trade operations. Fair Trade Canada defines Fair Trade as a "system that seeks to change the terms of trade for the products we buy" and ensures that producers and artisans receive the highest possible price for their products allowing them to improve their life situations (Fair Trade International,

Justice technology is described as: “the use of modern technologies to challenge poverty in the United States and the global world.” Many different people use their resources to try and help the poor in the most efficient way. They will teach women, farmers, and others in need, new skills on how to conquer inequality and make their communities and lives better. The goal is simple: these programs were created to help create a sustainable life for the less fortunate. One justice technology program is called Fair Trade USA. Fair Trade USA has helped countless farmers and their communities by helping the farmers create smarter businesses. This program will certify transactions between U.S. companies and their suppliers to make sure farmers and

On one hand, it can be argued that by partaking within these mass production trade systems, one nation can develop economically by providing mass produced products at low prices due to cheap labor and material costs. Here is where things seem to become clouded, the free trade agreement between different countries. It is this agreement that allows different countries to import and export goods with the reduction and or elimination of tariffs. (Globalization Pt. II). However, this hinders all countries on a global scale, as the promotion and exploitation of these unjust working conditions are used to keep under developed countries from achieving a higher quality of

A candid shot of a West Virginia University #WVU volunteer hugging a Coke's View Primary School student.

2009). This in itself shows the high standards of sustainability can be made from free trade (Gidney, M. 2009). Fair trade provides two key benefits that can help with the current world economic crisis. First it provides sustained benefits for producers that can help maintain their business through fluctuations of the world market (Gidney, M. 2009). Second, fair trade helps to maintain fair prices, additional social premium, and long-term partnerships that help provide better living standards for millions of people in over 60 countries (Gidney, M. 2009).

Throughout the years, there has been a constant controversy over whether the World Trade Organization should enforce global free trade. The primary idea is to establish in which all are happy. Although there are many advocates for trade liberalization, as well as many who oppose. I believe free trade may be advantageous for both large and small-industrialized countries, but it does not favor the smaller developing countries needs primarily.

The fair trade concept, based on the idea of both economic activity and social development, is replete with ethical and sustainable echoes. Ransom (2002 p 20) asks, 'can the