Fair trade has more benefit to suppliers than free trade.

May 29th, 2016
Studypool Tutor
Price: $10 USD

Tutor description

This document explains on Fair trade has more benefit to suppliers than free trade. To what extent do you agree.

Word Count: 766
Showing Page: 1/4
Running head: FAIR TRADE IS MORE BENEFICIAL TO SUPPLIERS THAN FREE TRADEFair trade is more beneficial to suppliers than free tradeNameCourseTutorInstitutionDate1FAIR TRADE IS MORE BENEFICIAL TO SUPPLIERS THAN FREE TRADE2There are many forces that control the international market but the most influential ofthese forces are free trade and fair trade. Free trade refers to a policy whereby, there is nodiscrimination against exports or imports by the government. The defining characteristic of sucha market is that there are few restrictions in the market. This is because the government allowsmarket forces to set product prices. On the other hand, fair trade refers to a policy whereby tradeis based on transparency and respect with the aim of developing equity in international trade. Ithelps suppliers in developing countries get better prices for their products. This essay will outlineto what extent fair trade is beneficial to the supplier.Fair trade creates transparency in the international market which in turn, brings aboutequity in international trade. According to (Hayes & Moore 2005), fair trade ensures thatdeveloping countries experience sustainable trading

Review from student

Studypool Student
" AMAZING as always! "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1819 tutors are online

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors