publication . Article . 2015

FAIR TRADE: ITS REAL IMPACT ON THE WORKING POOR

Leonid A. Krasnozhon; David Simpson; Walter E. Block;
Open Access
  • Published: 01 Jan 2015 Journal: The Review of Social and Economic Issues, volume 1, issue 2 march, pages 5-28
Abstract
Fair trade gains popularity, while free trade is undergoing more and more criticism. Since international free trade supposedly pollutes the environment, promotes the utilization of sweatshops, exploits child labor, and impoverishes developing countries, fair trade is a preferable alternative (World Fair Trade Organization, 2011). By reviewing empirical studies and examining regulations concerning fair trade practices, this paper provides a comparative analysis of both free and fair trade in light of its impact on the working poor. We argue that the benefits of fair trade are concentrated among interest groups—mainly retailers and regulating organizations—while i...
Subjects
free text keywords: free trade; fair trade; poverty; international politics
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publication . Article . 2015

FAIR TRADE: ITS REAL IMPACT ON THE WORKING POOR

Leonid A. Krasnozhon; David Simpson; Walter E. Block;