Evolving Trade Policy: The Benefits of 'Fair Trade' Over 'Free Trade' Essay

Evolving Trade Policy: The Benefits of 'Fair Trade' Over 'Free Trade' Essay

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Trade Policy is a crucial part of our society in the United States, along with many others across the globe, that greatly depend on the profits and materials accessible due to the transfer of goods, ideas, and other materials between countries. Currently the trade policy that seems to dominate the trade market is ‘Free Trade’ which tends to leave the larger, wealthier counties with the most benefits while the developing countries are struggling to compete due to the lack of materials and workspace. Gradually withdrawing from Free Trade and expanding the Fair Trade movement that has sparked up would ultimately provide all people with equal advantages. This policy would put workers and the environment first and would be focused on dealing with some of the main disadvantages that result from Free Trade. Essential issues that would be tackled include poverty, inequality and unethical business practice. Just like any other system it is bound to possess faults and fissures along the way but it undoubtedly beats the alternative and the outcome that is expected to promote the investments in research, development, and job training in new industries would be one hundred percent worth it.
The main idea of Fair Trade is that it would not oppose nor contradict the definition of Free Trade but develop ways to fix the flaws in the system. Ultimately, the policy would strive to reduce tariffs on imported goods which would make it easier for the recipient to extend their range of commodities. Having a larger range of goods purchased would usher better business to the particular manufacturer. In addition to that, fair payment for products would be established which would entail a guaranteed minimum payment and the working conditions in an indust...

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This is a credible source because an organization maintains the site and frequently updates the information and statistics regarding Fair Trade.

U.S. Trade Policy: Competing in a Global Economy. Watson Institute for International Studies, Brown University, 2006. Print.
This is an extremely credible source because it contains information that has been throughly researched by the professors at Watson Institute for International Studies which is located at Brown University.

"Fair Trade Certified." TransFair USA. Web. 7 Feb. 2010.
This online database is highly dependable because it is Fair Trade certified which is a label that guarantees strict criteria about Fair Trade and supplies information that makes it simple to contact the writers of the web site for further information.

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