What Is Fair 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

First, the cotton industry and cotton farmers are an example of fair trade for ethical consumption. Cotton is the world’s oldest commercial crop and one of the most fibre crops in the global textile industry. Many cotton farmers

Many sociologists are drawn to this particular concept because they are motivated for consumptions, which depends on the existence of impulsive, troubled, and knowing the types of consumers. Others see the Fair Trade as an abundant territory to explore the dynamic connections of ethnics, and identity. In my opinion, I think that sociologists would be interested in the Fair Trade because one might enjoy studying social movements and revolutions that can illustrate how communities share the same beliefs and goals that they form. On the other hand, one might enjoy social movements simply just happening, which makes them current like historical

The Fair Trade system’s initial purpose is so that farmers in less developed countries earn a higher sustainable price. Sticking to the Fair Trade guidelines means that the farmers receive a better price for their crop and they stand a better chance to make a living. (Uk.answers.yahoo.com, 2015) This is also mutually

When it comes to free trade I have a mixed reaction about it because it has its advantages and disadvantages. The most frequent word that is overused especially in an election year is “free trade and outsourcing. However according to http://www.economicshelp.org/, free trade enables countries to specialize in those goods where they have a comparative advantage .If country “B” specializes in producing a particular good and another country “A” specialize in making a certain item; it is in the best interest of both countries to work together because they can trade good that are not produced in either country. On the other hand, many jobs are lost when good are manufactured outside

The terms free and fair trade sometimes go hand-in-hand but there are distinct differences between the two. According to Wikipedia, free trade is a system of trade policy that allows traders to act and or transact without interference from the government. Free trade implies the trade of goods without taxes (tarrifs) or other trade barriers such as quotas, subsidies,

Free trade has been a part of the liberal prescription for international relations for a long time where it is often defined as the economic policy that allows imports from and exports to foreign jurisdictions. Unlike trading within nation, free trade allows buyers and sellers from separate economies to trade goods without the domestic government applying tariffs, quotas, subsidies or prohibitions on their goods and services. Therefore, free trade is often seen as desirable because it allows customers to get what they need with the lowest price along with the good quality, thus it promotes economic efficiency for both the nation and its citizen. Free trade is necessary and desirable due to the division of labor and the primary of the

In the global scenario, more countries continue to join the World Trade Organization (WTO) as they seem to believe that free trade across nations serves the best interest of individual countries and their citizens. Down the line, many years from now, we would see a scenario where all countries in the globe become members of organizations like WTO and there is a fair trade across all countries

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).

Free trade areas, FTA, are economic integration arrangements in which barriers to trade (e.g. tariffs), exchange of goods and information among member nations are removed. It is arguable to say that fair trade aims to create equilibrium between LEDC's, less economically developed countries and developed nations in terms of trading activities and ethics. In saying this, free trading between more economically developed countries and LEDC's will mean

More important than how long fair trade has existed, however, is why people felt that it needed to exist in the first place. Third world workers lack the means to advertise and distribute their products the way first-world, large scale corporations can. Even if their products are of equal quality to those sold by the corporations, they have no way of making that information readily known to large numbers of people, nor do they have the means to mass produce and mass ship their goods. When put at such a disadvantage, to the point where people are not even aware of their goods, how can these workers be expected to compete through straight competition? Through thinking like this, the idea of fair trade came into existence.

It helps those in poverty will have the chance to create financial stability and a better living standards for themselves. Secondly, fair trade benefits a number of different individuals and groups. Without fair trade, farmers and artisans are limited to selling their food and products locally because tariffs prevent them from making profits. Thirdly, Fair trade also ensures gender equality and economic empowerment for women. Women often face the unequal treatments from the others in rural areas and factories, even they do a lot of work on farms and plantations. Fairtrade trys to help the women to find their potential and to get respect in the communities that they deserve. It hired women on farms and plantation to access to health care, certain job rights, and the freedom from harassment. So that the women are able to make money for their families. There are other benefits of the fair trade. This includes stable prices, fairtrade premium, partnership empowerment and the environment. There is a fairtrade minimum price for products that cover the costs of sustainable production, even when the world market prices

”Free trade policies have created a level of competition in today's open market that engenders continual innovation and leads to better products, better-paying jobs, new markets, and increased savings and investment” (Denise Froning). Though Free trade plays a huge role in the economy today because of what and where it is used. Free trade allows for traders to trade across national boundaries and other countries without government interference. Meaning that traders have very few regulations that allow for them to do this without the government intervening. Free trade makes things for traders much easier and also allows for many more jobs in the US, such as exporting jobs, or jobs in the auto industry and plants. Though there are many

Why is international trade even important? Why can’t a country just use what it can produce? The answers to these questions are varied in so many ways. International trade is important to different countries for different reasons. Developed countries like the US could very well get by strictly get by on products that they produced. When we think about the products that the US specializes in though, we can get a clearer picture of all the amazing products we would be missing out on. If we look at developing countries that don’t have the resources the US does, or smaller countries whose land mass is in all one climate zone we can get a better idea of the difficulties they would face trying to farm all of their own products as the crops that would be available to them in that region may be quite limited.

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