• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Fair Trade

Extracts from this document...

Introduction

What is Fair Trade? Fairtrade does what it says on the label; it guarantees a better deal to producers in the developing world. This means a stable price which covers their production costs, along with a premium that their organisation will be able to reinvest either in the business or social and environmental schemes among the wider community. Too many farmers in the developing world have to contend with fluctuating prices that may not even cover what it costs to produce their crop. So Fairtrade can make a big impact on their day-to-day life. And on their future and that of their family. The need for fair trade International trade may seem a remote issue, but when commodity prices fall dramatically it has a catastrophic impact on the lives of millions of small scale producers, forcing many into crippling debt and countless others to lose their land and their homes. ...read more.

Middle

world shops and catalogues, the charities offered consumers the opportunity to buy products which were bought on the basis of a fair trade. This worked well, and hundreds of small poor farmers were able to get back on their feet and trade their way out of poverty with a renewed sense of pride. The Fairtrade Foundation has a partnership agreement and shares a common definition of fair tradewith such alternative trading organisations. But there was a limit to how many producers could benefit with fair trade sales limited to such niche outlets - not normally associated with food goods. The FAIRTRADE Mark In order to generate greater sales on fair trade terms for the benefit of many more disadvantaged and marginalised producers it was important to get commercial manufacturers involved, and to get fair trade into the supermarket where most people do their shopping. ...read more.

Conclusion

International, was set up in April 1997. One of its aims is to see the introduction of a single international Fairtrade label. The national initiatives retain responsibility for marketing and promoting Fairtrade in their respective countries. A table to show the fair trade produce, produced in different countries. Cocoa Coffee Fresh fruit and juice Belize Bolivia Dominican Republic Ghana Cameroon Colombia Costa Rica Dominican Republic Guatemala Haiti Indonesia Mexico Nicaragua Peru Rwanda Tanzania Uganda Papua New Guinea Brazil Costa Rica Cuba Dominican Republic Ecuador Ghana Windward Islands Honey Sugar Tea Chile Mexico Uruguay Malawi Paraguay India Kenya Sri Lanka Tanzania Uganda Fair Trade is involved in making sure people in L.E.D.C's make their money from their cash crops or goods without being extorted by their buyers (the big wholesalers). Fair Trade ensures that they receive the money the deserve for their crops. Fair Trade is involved in making sure workers who stitch trainers or footballs are not extorted an work in the right conditions and Fair Trade helps a lot of people all over the world. Daniel Wendon ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our AS and A Level UK, European & Global Economics section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related AS and A Level UK, European & Global Economics essays

  1. Marked by a teacher

    ESSAY: Fair trade or free trade?

    5 star(s)

    The Posner technological gap theory illustrates this and argues in the same way. It says that because of international trade, firms enjoy monopoly in a new product which gives them a comparative advantage in foreign market. However, the product will be imitated and the advantage lost, therefore the firm will

  2. Where does the World Trade Organisation fit in the overall scheme of international public ...

    become richer, than those that are closed. One of Lord Bauer's major insights is that economic advancement in the developing world, over a broad historical sweep, has occurred in countries and regions that have had the most contact with the outside world, and particularly with the advanced centres of the

  1. Flower Industry in Netherlands

    * Factor conditions * Lands Due to limited lands in Netherlands, growers are forced to develop their know-how of intensively making use of existing lands. Surprisingly, one third of lands in Netherlands are "produced" by reclaiming from the sea. Various means of increasing harvests are carried out, so in terms

  2. Managing Environment - A report on investing in Ghana.

    Ghana has been marked by a succession of coups. The actual president Jerry Rawlings, himself seized power in a 1979 coup but he won free elections in 1992. The economical reforms instituted in the 1980s made the economy one of the most stable ones in West Africa. The mining and oil industries play key roles in the economy.

  1. international trade

    Some goods require more capital, technical equipment and machinery equipment and are called capital intensive. Examples of these goods are cars, computers, and cell phones. Other goods require less equipment to produce and rely mostly on the efforts of the workers.

  2. Electronic Trade and Money Laundering

    Experience has shown that money launderers prefer environments featured with poor control, high risks that justify high losses and profits, multiplier effects, little transparency and thus asymmetric information, ease of manipulation, chance of connivance or illicit profit sharing. In this perspective, the internet is an ideal environment.

  1. Asses the impact of trade liberalisation on Australia.

    markets, lifted productivity and become competitive in world markets; they are now dependant on international liberalisation continuing their own growth. Of course there are always losers in something like this. Economic theory tells us there will be winners and losers and short term adjustment costs as well as long term benefits from liberalisation as resources move to more efficient uses.

  2. International Trade - I have been asked to investigate the possibility of a company ...

    Quotas are imposed with the aim of stopping or even reversing a negative trend in a country's balance of payments. They are also used as a means of protecting domestic industry from foreign competition. Modern economic thought tends to condemn both quotas and the aims they serve as economically damaging protectionism.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work