Intro+to+Free+Trade+VS+Fair+Trade

media type="custom" key="6287121"Intro to Free Trade VS Fair Trade.

Free trade is international trading without government interference. There are no rules to this trade however some people feel that it takes advantage of the poor counties. Fair trade is organized trading that doesn’t take advantage of underdeveloped countries. Fair trade is regulated by different organizations such as the Fair Trade Federation and the International Federation for Alternative Trade. These trading policies are very similar.

Free traders took advantage of underdeveloped countries by paying them less then what they should get. For example, farmers work long hours out in the field growing their crops and then when it comes time to trade they aren’t getting an even trade. Fair trade regulates that the government says that you have to help the less developed countries so that they can enhance gender equity, ease poverty, improve working conditions, the environment, and distributive justice. Fair traders and free traders have a lot in common. The basic problems appear to be held in common. But free traders regard voluntariness as the chief component of justice. Fair traders regard the expression of human dignity as the chief component of justice. Free traders believe the best way to alleviate poverty in the long run is to permit freer trade while fair traders think that opening trade even further would establish trends of rich nations becoming richer and poor nations becoming poorer. Fair traders think global prosperity cannot forget to include the immediate needs of those in the least well off group, while free traders regard such targeting as potentially dangerous.

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