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

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

Length: 1070 words (3.1 double-spaced pages)

Rating: Strong Essays

Open Document

Essay Preview

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...


... middle of paper ...


...de/coffee/1299.html>.
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.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Trade Liberalization And The United States Essay

- Trade liberalization is also known as free trade, where each nation can trade freely with no trade barriers. The United States has pursued trade liberalization and has benefitted by doing so. Due to a trade imbalance, consumers are able to receive products at a cheaper price. Trade liberalization requires countries to have an open trade policy where countries can trade under fair and nondiscriminatory circumstances and being able to access each other’s markets. American consumers have increased their standard of living by enabling more goods and services through free trade....   [tags: International trade, Free trade, Economics]

Strong Essays
1580 words (4.5 pages)

Essay on The Evils of Consumerism and Free Trade

- The world as we know it runs on a greedy economy spiraling down in support of corporate manipulation of consumerism. Resources are expeditiously being used up and governments are subjecting less developed countries to create an abundance of useless products under slave wages and conditions. Consumerism encourages unethical and environmentally destructive, “free trade,” by its psychological effect on people, the evolving manipulation of consumer values, such as Green Consumerism, and the effect of specific established laws to protect these corporations set after The Great Depression....   [tags: consumerism, economics]

Strong Essays
1838 words (5.3 pages)

Why Should We Consume Fair Trade? Essay

- Why Should We Consume Fair Trade. “Her family earned 12,000 rupees per year – less than US$0.74 per day – through farming. That’s when her husband, Kistaiah, was alive” (Patel 74). After reading Raj Patel’s Stuffed and Starved, I had a revelation and I have never looked at supermarkets the same way again. This particular narrative relates the unfortunate story of Parvathi Masaya, a widow from a small rural town in India, trying her best to provide for her family while mourning her husband’s loss to suicide....   [tags: Raj Patel’s Stuffed and Starved, Fair Trade]

Strong Essays
1108 words (3.2 pages)

Essay on Government Policies For A Fair Trade

- Governments institute protectionist policies in order to promote fair trade. These policies are designed to discourage imports through tariffs, quotas, and other trade barriers, to prevent foreign takeover of domestic industries and markets. The intention is to protect domestic businesses, thereby aiding the domestic economy. Which sounds like a good thing. However, the United States uses its formidable economic power to implement these policies directly hurting foreign economies and indirectly hurting its citizens....   [tags: International trade, Protectionism, Free trade]

Strong Essays
2192 words (6.3 pages)

The World Trade Organization Or World Fair Trade Organizations Essays

- The World Trade Organization or World Fair Trade Organization. The recalibration for the WTO At the turn of the 20th century, the WTO helped create prosperity through globalisation and trade liberalisation. After WW2, it was clear that the world required rebuilding to prevent conflict related to resource access and to create prosperity. The main challenge at the time was economic despair. The Bretton Wood Conference gave rise to the IMF, The World Bank, GATT and later the WTO to solve these challenges....   [tags: World Trade Organization, International trade]

Strong Essays
942 words (2.7 pages)

Essay on Fair Trade

- Introduction The concept of Fair Trade originated in the 1950s and developed for three decades with the intent of aiding the impoverished in developing countries (Gendron, Bisaillon and Rance, 2009). The debut of the Fair Trade label in 1988 was a prominent initiative to the Fair Trade campaign (Mohan, 2010). The (FLO) charges producers a certification fee in order to receive the Fair Trade label and benefits (Booth and Whetstone, 2007). Fair trade is a social organisation with the purpose of assisting producers in developing countries to improve trading conditions and encourage sustainability (Hayes and Moore, 2005)....   [tags: developing countries, trade unions]

Strong Essays
1494 words (4.3 pages)

Fair Trade and Free Trade Essay

- Introduction The idea of fair trade was founded in the 1950s, and it has become more prevalent in the 1980s. (Mohan, 2010) Fair trade is trade between developed and developing countries where suppliers in the developing countries are protected to ensure a fair trade. (Hayes and Moore, 2005) Suppliers usually benefit from guaranteed minimum price and the social premium. On the other hand, free trade does not have a fixed price, and it has low government intervention such as tariffs on imported goods....   [tags: overdependence, competitiveness]

Strong Essays
1265 words (3.6 pages)

Essay about Free Trade And Fair Trade

- According to two former parts, both free trade and fair trade perspectives expect to help developing countries overcome poverty. Free trade tends to promote industrializations and economic growth. Although free trade will bring technology and progress into developing countries and increase their economic growth but there are still have a number of poor people and an inequality problem between urban and rural areas. Opening markets of developing countries also affects domestic producers adversely because a competition with foreign nations will reduce prices of their products....   [tags: Economics, Poverty, Africa, Market]

Strong Essays
727 words (2.1 pages)

Fair Trade Isn't all Fair Essay

- 1. I have minimal prior knowledge about this topic but I have heard and read stories about fair trade in the past. I believe fair trade is international trade in developing countries in which fair prices are paid to the producers. I know that trade isn’t all fair thus workers don’t always get a reasonable share of their profits however fair trade prevents such injustice in the market. Additionally, I choose this topic because I want to major in international business and fair trade is dealt with on an international level which allows me to learn more about the global market....   [tags: global market, economic, empower producers]

Strong Essays
645 words (1.8 pages)

Essay on Free Trade Vs Fair Trade

- Introduction Adam Smith, author of The Wealth of Nations, shows support for free trade and emphasises it as a trade policy which ought to be adopted. Krugman and Obstfeld back Smith's support by stating that the efficiency of trade is increased by free trade and accumulates the national income of countries. Free trade is a theory which suggests that each nation benefits in specialising in an economic activity from which it gains absolute advantage, enjoying absolute superiority over other nations in a specif economical activity (Peng)....   [tags: Economics]

Strong Essays
2355 words (6.7 pages)