This essay focuses on The Issue of Global Fair Trade. Visit the website http://fairtradeusa.org/ (Links to an external site.) . After reviewing the information found on the website and watching one of the videos found on the website, Discuss, with your classmates’, the following questions.
Firstly, Examine the issue of global fair trade.
Secondly, Visit the website http://fairtradeusa.org/ (Links to an external site.) .
Thirdly, After reviewing the information found on the website and watching one of the videos found on the website,
Firstly, How do you believe the mission and purpose of the Fairtrade foundation supports underdeveloped countries?
Secondly, How do you believe Fairtrade impacts education, poverty, the environment, and business within the community and nationally?
Thirdly, Support your initial discussion with information you find while researching Fair Trade.
Also, share with your classmates if you have seen Fairtrade products
Additionally, What products did you see and in what store?
Further, Was the product you find at your local store similar to those you learn about when watching one of the Fairtrade videos?
Globalization, trade and the free markets are the talks of today.
Many envision or talk about a future where people of different nationalities
cultures will be able to share and trade resources across boundaries in a manner that will benefit all of humanity.
But, how fair is trade when a nation’s own global trading policies together with international corporations’
desire to increase their profits result in manipulated international trade pacts and agreements,
In addition, so that they are most favorable for themselves?
Moreover, How free is the free market?
Finally, Why do the poor get poorer and the rich get richer?
A lot of overbearing regulations can give too much power to a few,
potentially corrupt ruling regime and prevent innovative ideas from flourishing.
It can perhaps be an obstacle for a foreign nation to invest in a country due to those conditions and regulations which increase costs.
However, too much deregulation can lead to corporations being able to undermine basic social and human rights as well as lead to environmental damage,
often without accountability. IMF-imposed structural adjustment and their pushes for deregulation has also led to further poverty in some countries.
The correct balance is difficult to reach due to the inherent power conflicts between the various bodies involved. This leads to a lot of unfairness in trade and basic human rights for which the majority of people end up paying the price. For example, some believe that one of the main problems causing the 1998/99 financial crisis around the world is a lack of global regulations to help protect developing nations as they enter a global market. Even the World Bank has cautioned that globalization and localization (the increasing demand for local autonomy) can pose problems as well as offer benefits, if not handled properly.
There is already a growing fair trade movement around the world, where local producers are able to fairly trade their products. However, it isn’t always easy to maintain that when globalization, in its current form, does not seem to favor those who want trade to be fair.