Category: Fair Trade

To What Extent Free Trade is Fair and Benefits The World Economy Adam Smith, coined rightfully as the Father of Modern Economics, in 1776 in his book The Wealth of Nations laid the foundation of the concept of free trade. Though by no means a novel concept, it had been informally practiced throughout British colonies…

Fair Trade: The Pros and Cons Fair trade is trade in which fair prices are paid to producers in developing countries. It based on partnership between consumers and producers. Fair trade improves the lives of those living in developing countries by offering small scale producers fair trade relations and a guaranteed minimum price. There are…

Free Trade and Fair Trade Policies of North America and The World Trade Organization Free Trade is a policy followed by North America and the other countries in the World Trade Organization. The policy allows for open trading routes between all member countries. The agreements often remove any sorts of taxes or tariffs in place…

Why Environmental Sustainability is so Important In order to consider environmental sustainability, we must first define it. It can be described as The rates of renewable resource harvest, pollution creation, and nonrenewable resource depletion that can be continued indefinitely. My perspective is that it is something that all countries need to actively consider. It may…

The Problems Related to Sweatshops and Solutions to It The consumer goods we buy in our day to day lives have a lot of work and a big story to tell behind their making, but the story may not be so pleasing. Sweatshops commit an abundance of crimes that most of us are unaware of.…

Free Trade Vs Fair Trade As the name suggests, free trade is the unrestricted flow of products, services, labor, and capital across the country’s geographic borders without any government intervention on behalf of the economy or regulatory obstacles. The term ‘free trade’ is often contrasted with ‘fair trade’. In the simplest sense, the term ‘fair…

Definition Essay on Fair Trade The right to food is something that every single human being should not have to worry about. The right to food should follow under these three terms, Availability, Accessibility, and Adequacy. Being able to get food wherever, Accessibility is vulnerable to people like children, the elderly, people with disabilities. Food…

Analytical Essay on Fair Trade Cocoa Products Cocoa is used in a wide variety of products, ranging from cocoa powder to cacao nibs to beauty products to chocolate. However, Nestle, one of the biggest companies that sell such products, does not use Fair Trade Certified cocoa. Instead, they use Rainforest Alliance-certified cocoa, which can be…

Free Trade VS Fair Trade: Pros and Cons Fair trade is Essential Many people claim that everyone benefits from free trade. Others argue that fair trade is more important than free trade because it can lead to free trade. If we lived in an ideal world where all things were equal, free trade would be…