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Fair Trade constitutes a social-business initiative that plays a crucial role in the transition towards a "sustainable market economy", countering the major challenges of the 21st century. This research monograph reveals the mechanisms behind this process. It argues that Fair Trade constitutes a new type of market, "a Dispersed Hybrid Market (DHM)", that due to its specific features contributes to a more pro-social functioning of the entire market and taking responsibility for sustainable development by different market participants. It demonstrates, thus, what was underestimated about Fair Trade, and which is extremely important, that it can have a positive impact on the market in terms of sustainable transformation. The book is intended for researchers, lecturers, students, practitioners, and political decision-makers interested in sustainable development, Fair Trade, and transition towards sustainable markets, business, and economy. It contributes to better understanding of sustainability challenges explaining specifics of Fair Trade market, revealing paradoxes and barriers of its development and showing mechanisms of its spillover effects. It also develops arguments about the need to change the role of the state in the face of global challenges and to support such grassroots international initiatives as Fair Trade. Therefore the practical recommendations address both the desired directions of development of the self-governance of this initiative and the expected role of the state towards it, in particular possible ways to strengthen it.
The authors critically evaluate the fair trade movement's role in pursuing a more just and environmentally sustainable society. Using fair trade as a case study of the shift toward non-state forms of governance, they focus on its role not only as a regulatory tool, but as a catalyst for broader social and political transformation.
Illuminates the contradictions that emerge within conscious capitalism initiatives that are designed to empower women. Everyday Sustainability takes readers to ground zero of market-based sustainability initiatives—Darjeeling, India—where Fair Trade ostensibly promises gender justice to minority Nepali women engaged in organic tea production. These women tea farmers and plantation workers have distinct entrepreneurial strategies and everyday practices of social justice that at times dovetail with and at other times rub against the tenets of the emerging global morality market. The author questions why women beneficiaries of transnational justice-making projects remain skeptical about the potential for economic and social empowerment through Fair Trade while simultaneously seeking to use the movement to give voice to their situated demands for mobility, economic advancement, and community level social justice.
Winner of the Nobel Prize in Economics and author of the New York Times bestselling book Globalization and Its Discontents, Joseph E. Stiglitz here joins with fellow economist Andrew Charlton to offer a challenging and controversial argument about how globalization can actually help Third World countries to develop and prosper. In Fair Trade For All, Stiglitz and Charlton address one of the key issues facing world leaders today--how can the poorer countries of the world be helped to help themselves through freer, fairer trade? To answer this question, the authors put forward a radical and realistic new model for managing trading relationships between the richest and the poorest countries. Their approach is designed to open up markets in the interests of all nations and not just the most powerful economies, to ensure that trade promotes development, and to minimize the costs of adjustments. The book illuminates the reforms and principles upon which a successful settlement must be based. Vividly written, highly topical, and packed with insightful analyses, Fair Trade For All offers a radical new solution to the problems of world trade. It is a must read for anyone interested in globalization and development in the Third World.
Essay from the year 2009 in the subject Business economics - Business Ethics, Corporate Ethics, grade: 1,7, bo Akademi University, language: English, abstract: In this essay I want to discuss the issue of Fair Trade and how Fair Trade can contribute to social justice. First I will give a short definition what Fair Trade actually is and then I will give an overview about the different Fair Trade organisations and define the standards which they follow. Then I will have a look at the producers and also the products which are available. I will analyse their sales statistic and also their market share. Fairtrade is a "trading partnership" which tries to maintain "respect, dialogue, transparency, and increased more fairness in international trade" . Fair Trade tries to better the situation of developing countries by paying a "fair" price for certain products that is higher than the market price. In the last few years, Fairtrade has becoming more and more popular in the industrialized world. The supporter's base is often also engaged in debates with political decision-makers in the European institutions for the purpose of making international trade fairer. Fair Trade is definitely a form of ethical consumption, because as consumption is one aspect of human behaviour that could harm other human beings.
Sustainability certification is generally seen as a promising tool to improve environmental, social, and economic activities along global value chains of commodities. Relying on theories of new institutionalism, this book locates sustainability certification programs as forms of private governance in the broader categorical framework of global governance and compares two prominent programs. It studies commonalities and differences of Fairtrade and the Rainforest Alliance on the program level and analyzes their implementation and impacts on the livelihoods of cocoa farmers in Ghana. (Series: New Cologne Cooperative Science / Neue Kolner Genossenschaftswissenschaft - Vol. 8) [Subject: Sustainability Studies, Agricultural Studies, Environmental Studies, Business, African Studies]