THE ECONOMICS OF FARE TRADE RALUCA DRAHUSANU DANIELE GIOVANNUCCI NATHAN NUNN Summarised by: Tartu 2015 Outline What is fare trade? What fare trade aims to do. Requirements for certification Does fare trade work? What is fair trade? · Social movement whose stated goal is to help producers in developing countries achieve better trading conditions and to promote sustainability · Label informs consumers that the product was produced in a socially and environmentally responsible manner Fair trade aims to: · Improve the living conditions of producers in developing nations · Attempts to achieve higher prices for producers · Greater availability of financing for producers · Longer-term and more sustainable buyer-seller relationships · The creation and/or maintainance of effective producer or worker organizations · Improved social goods and c...
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