Fair Trade:
Fair Trade is the demand/ expectations of each human being in the
global world. Fair trade is the trade in which the trade
transactions are carried out in a genuine manner such that people
get the perception of fair trading among all the business
transactions. The Fair Trade removes the mis-conduct, non-genuine
practices and non-ethical acts in the trade or business.
Thoughts on the
concept of Fair Trade in today's globalized society:
Following are the thoughts on the concept of Fair Trade in the
global society are as below
- Fair Trade develops
the global society: Fair trade provides the opportunities
to develop the global society, as it creates the processes which
bring the revenue for all the people in the global environment.
Thus people in each location gets the right revenue for their
trade, thus develops the global society.
- Fair trade provides
opportunity for equality in global society: The fair trade
provides the equality among all the trade players in the global
world, so that they can equally placed for their trade and can earn
equal revenue for their efforts. This the concept of fair trade
will helps in developing the equality in the global society.
- Fair trade provides
opportunity for revenue based on work: The Fair trade is
the concept which can provide the platform for the global market to
earn the revenue based on their work and there will not be any
unfair trade which will reduce the revenue of the developing
countries. Thus the developing countries and developed countries
will explore similar earnings based on the content of their
trades.
- Fair Trade reduces
economic differences in the global world: The Fair trade
will enhances the similar earning for the global society, thus it
will help in reduction of the economic differences among the global
society. Thus there is a chance that fair trade will reduce the
economic differences in the global world.
- Fair Trade provides
equal opportunity for all countries to grow: The fair
trade will provide the equal opportunities for all countries to
have fair trade and generate fair revenue based on the their trade
scope. Thus fair trade will provide the equal opportunities for all
the countries to e=generate equal revenue for them.
References:
- https://en.wikipedia.org/wiki/Fair_trade
-
www.fairtradefederation.org/fair-trade-resources/articles-and-publications