Preview

China

Satisfactory Essays
Open Document
Open Document
289 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
China
Fair Trade

Fair trade is defined in several ways. One simple definition is that it is encouraging development of local communities by advocating the payment of a higher price to exporters. The exporters are mainly advanced countries such as U.S, Europe, and so on. Simply, the fair trade movement improves the lives of people in the developing world. However, some people point out a problem of limited point of sale. Moreover, there seem to have few more problems about negative aspect of fair trade. Which points should be supported? With regard to the advantages of fair trade, one of the main advantages of fair trade is to empower farmers and it goes without saying that this movement helps small producers in the developing world. One example of this is that a fisherman from Indonesia now has a small co-operative business with four other fishermen from his village, thanks to the fair trade. Critics maintain that many farmers are empowering from this movement so much. Today, fair trade also helps producers to organize their own marketing and selling. Undoubtedly, it has lead farmer to have better life.
However, one could also argue that there are still many disadvantages such as limited point of sale. It is argue that most fair trade goods are sold at specialized shops and still little of them make their way to maintain distribution chains. Also, some traders offer the possibility of on-line shopping, which may be handy if you live far from any world shop.
As far as I’m concerned, in spite of these disadvantages for fair trade, we should keep the most optimistic view on it in order to help developing countries. This debate will undoubtedly continue for some

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Harvey N M2 A2

    • 621 Words
    • 2 Pages

    Peter Hann describes free trade as, “generally considered by economists to be beneficial to international trade by encouraging competition, innovation, efficient production and consumer choice” (Hann, 2011 para. 1). Free trade allows freedom of international exchanges; with this there are advantages as well as disadvantages. Some advantages consist of cost advantages, factor earnings, cheaper imports, and an enlarged market (Chand, 2015). Cost advantage allows free trade to warrant a portion of possessions and resources. This in turn leads free trade into the most efficient conduct of economic affairs. Factor earnings and cheaper imports allow production factors to increase while import rates decrease. Enlarging the market is an advantage of free trade because it increases the market allowing labor to be possible. The disadvantages of free trade consist of all countries being in conjunction and working together. Meaning it will only work and be productive if all countries participate, if there is one country that decides not to partake in free trade, it will not work. It is also unfair to and creates a disadvantage to countries for those countries that are unable to compete with larger, advanced countries (Chand, 2015).…

    • 621 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    One of the most significant arguments in favor of free trade is its ability to improve economic efficiency. If free trade opens up a market to imports, the consumer benefits from the low priced imports. If free trade opens up a market for imports, then producers benefit from the new place to sell. Supporters of free trade state that free trade in an economy improves welfare for society…

    • 69 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    Fair trade attempts to provide opportunities to small producers but there is a “lack of knowledge of what fair trade is and how it works” among producers because it is the cooperative leadership that handles most of the “activities related to fair trade”(Kharel and Middendorf, 2015, pg. 256). This is what Kharel and Middendorf say contributes to the “lack of producer commitment” because they do not understand the vision of fair trade which often leads to “producers’ defection of both the fair trade network and cooperative when the producers receive a better price in the traditional market” (2015, pg. 256). With the slow rise but growing popularity, Fair Trade is still limited to few agricultural commodities and specific geographic locations. A study by Brown published in 2007 looks at closer at the impact of fair trade in Africa, specifically Ghana, Tanzania and Nicaragua where there is a struggle for fair trade companies to be profitable when it comes to chocolate and…

    • 841 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Fair trade is very valuable in today’s world. Part of the Fair Trade mission statement on their website is “Keeping families, local economies, the natural environment, and the larger community strong today and for generations to come; these are the results we seek through Fair Trade.” The goal of fair trade is seen as good to act utilitarianism because it accomplishes promoting happiness by keeping importing and exporting trade fair for all. In our book, act utilitarianism states “promoting the greatest amount of overall utility is what makes a particular act morally right (112). In Case 1 from Chapter One: The Real Price of Coffee it addresses full-sun production of coffee. Full-sun plantations are farms that grow coffee without the shade…

    • 351 Words
    • 2 Pages
    Good Essays
  • Good Essays

    What does the fair trade label mean? Organizations like the U.K. 's Fair Trade Foundation and TransFair Canada certify products which meet the principles of the fair trade system. Fair trade means products are purchased directly and at a fair price from small family growers and co-operatives that do not rely on hired or illegal forced labour. Growers receive a minimum guaranteed price that covers real production costs, regardless of how low world market prices fall. Fair trade also promotes sustainable agricultural practices which use minimal or no pesticides. On small, family-owned farms, cocoa plants are usually inter-cropped.…

    • 397 Words
    • 2 Pages
    Good Essays
  • Better Essays

    Standing as we are on the edge of a new century, we know that economic growth depends as never before on opening up new markets overseas and expanding the volume of world trade. And so, we will insist on fair trade rules in international markets as a part of a national economic strategy to expand trade, including the successful completion of the latest round of world trade talks and the successful completion of a North American Free Trade Agreement with appropriate safeguards for our workers and for the environment.…

    • 2045 Words
    • 9 Pages
    Better Essays
  • Good Essays

    Fair Trading Act Examples

    • 1385 Words
    • 6 Pages

    The Fair Trading Act basically protects us from being ripped off or mislead. The Fair Trading Act is extremely important in today because of internet purchases. So if this rule wasn’t put in place many people would be being scammed, because it is so easy to mislead someone into buying something that is different from what they thought they were buying.…

    • 1385 Words
    • 6 Pages
    Good Essays
  • Good Essays

    Two benefits of free trade are how growing employment options and wages can help reduce social problems such as unemployment and poverty. Another benefit of free trade is how it helps secure a market for domestic producers and provides a cushion against other countries’ trade barriers. Two costs of free trade are factories and workers will go to countries will go to countries where it is cheaper and will cause unemployment to rise. The lower prices that usually are caused by free trade can make it very difficult for newer businesses to compete or to encourage new businesses in a certain…

    • 537 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    4.Some argue that Fairtrade is simply a way for developed countries to appear to be doing their bit to help out underdeveloped and developing countries, when in fact it is just keeping them in a market system, that won’t actually allow them the long term freedom to break free of their low economical standards. A prime example being the previously mentioned point, that many farmers don’t actually see the economical benefits of the eventual profits made by retailers in developed…

    • 467 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Free trade has its downsides like hurting small businesses and having negative effects on employees such as lower wages and bad benefits. When working with other countries in free trade, it could seem one sided if those country are less technically inclined as we are. However, free trade can also have a positive impact. New jobs can be created, there will be lower prices for consumers, and countries that contribute to free trade can benefit from competitive advantage. Even though some countries may not be able to provide technologically advanced products, they can still contribute with other goods such as clothing, food, and other non-electronic merchandise that other countries may not be able to produce as well. Free trade may have its downsides, but it is a very important part of economic…

    • 557 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Free trade has become one of the most controversial subjects of modern times. Though despite its challenges, the positive role it has been playing in the lives of millions of people around the world is commendable. It gives us access to new foods, products and experiences, and creates economic opportunity and markets. Free trade also allows countries to specialize in the production of goods that they have a comparative advantage and trading them for goods in which they have a comparative disadvantage. When countries engage in such trade, they can have more of both goods, which is a good deal. It also make the world a better place because more places will be able…

    • 1251 Words
    • 6 Pages
    Good Essays
  • Good Essays

    Here is more. In case you don't know, fair trade sells a product at a premium price, under the promise that the workers are treated better and paid more. But will that improve living standards? Hmm...this sounds like a problem in tax incidence theory. To make the best possible case for fair trade, I will assume the promise of good treatment is credible.…

    • 612 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Opportunity Cost

    • 697 Words
    • 3 Pages

    There is a good side to free trade and of course, there is also a bad side to it. I understand that many countries are worried that free trade leads to inequality brought on by exporting. There are some nations who choose to export their natural resources to other nations rather than share them with the poorer areas of their country. Small businesses across the world may feel threatened by multinational corporations. I hear and understand all of your concerns, however, there are some really good factors as well. The level of national security will make us all safer, whether you’re in a small rural town located in India or in a major city like Tokyo, Japan. Conflict will become less and less likely as companies start to depend on each other economically. Free trade allows entrepreneurs to recycle money back to the same market that they sell their products from, thus allowing that money to be contributed towards the arts and culture within the community. In the long run, free trade is good for the…

    • 697 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Free Trade

    • 1080 Words
    • 5 Pages

    Free trade has many different properties that make it both good and bad. I believe that the positives aspects of free trade outweigh the negative, but the negatives are still significant. Having a free trade agreement with another country can cause a loss of income to local businesses, but it allows businesses to step up their work ethic and improve products and production. This can benefit the unemployed because business owners need to hire more workers. A major negative to this is that sometimes businesses in other countries do not have fair employment standards. This is the opposite of North America where there laws to help protect the citizens.…

    • 1080 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    Summary fair trade

    • 624 Words
    • 2 Pages

    The next paragraph is about the “fair trade” market which protects little farmers and helps them selling produce form giant multinationals. In this paragraph the main idea of fair trade is explained. It is thought to be right that all producers must be a part of democratically-run association. This association deals directly with first-world companies and suggests them to add a premium to products price which afterwards goes to farmers. The consumers would not suffer because they would only pay a penny extra for a cup of coffee or a single banana. Therefore the money that farmers get could save them from bankruptcy and could give the possibily to send their children to school.…

    • 624 Words
    • 2 Pages
    Satisfactory Essays