Fair Trade Vs Free Trade
- Created by: Amy_Hut
- Created on: 21-03-21 16:18
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- Fair Trade Vs Free Trade
- Fair trade
- Mainly focused on agricultural products but some goods like minerals & handicrafts included
- Free trade
- Main goal = To increase nations' economic growth
- Focuses on trade policies between countries
- Key advocates = WTO, World Bank, IMF
- Benefits multinational corporations & powerful business interests
- Many parties between producer and consumers
- World trade in bananas
- Power & control of food production has shifted away from growers and towards retailers in HICs
- More ethical, sustainable consumer markets are growing but quite slowly
- Only happens in places that can afford products at higher prices
- More ethical, sustainable consumer markets are growing but quite slowly
- Power & control of food production has shifted away from growers and towards retailers in HICs
- Fair trade
- International fair trade organisations put producers into co-operatives
- To combine produce
- Gives more influence in market & power to negotiate better deals with buyers
- Fair trade
- Mainly focused on agricultural products but some goods like minerals & handicrafts included
- To combine produce
- Alternative trading groups
- Retailers who buy directly from suppliers not producers
- Still labelled fair trade
- Retailers who buy directly from suppliers not producers
- Most are major growing regions eating own produce not exporting
- E.g., India
- Banana consumers
- East Asia, North, Central & South America, Central Africa
- In past 80% of banana trade was dominated by 4 TNCs
- 3 from US and 1 from Ireland
- TNCs have large element of control of markets & can influence political decisions
- World trade in bananas
- Power & control of food production has shifted away from growers and towards retailers in HICs
- More ethical, sustainable consumer markets are growing but quite slowly
- Only happens in places that can afford products at higher prices
- More ethical, sustainable consumer markets are growing but quite slowly
- Power & control of food production has shifted away from growers and towards retailers in HICs
- Supermarket price wars may actually decide where/how food is produced
- World trade in bananas
- Most grown on large monoculture plantations
- Remainder is produced on small-scale family farms
- Controlled by TNCS
- Philippines, Central America, Caribbean, West Africa
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