Search results
Results from the WOW.Com Content Network
An investigation into the limits of Fair Trade as a development tool and the risk of clean-washing, HEI Working Papers, vol. 6, Geneva: Economics Section, Graduate Institute of International Studies, October. Mohan, S. (2010), Fair Trade Without the Froth – a dispassionate economic analysis of 'Fair Trade', London: Institute of Economic Affairs.
Fair trade, by this definition, is a trading partnership based on dialogue, transparency and respect, that seeks greater equity in international trade. Fair trade organizations, backed by consumers, support producers, raise awareness and campaign for changes in the rules and practice of conventional international trade. [3]
Economic equilibrium was not created by any perfect match of supply and demand, but by the social framework which permitted the balancing act to occur. The role of the political state was essential in this, to provide an enforced legal framework for fair trade, currency stability and secure property rights [39] [page needed]
The global free market economic model came under attack during that period and fair trade ideals, built on a Post Keynesian economics approach to economies where price is directly linked to the actual production costs and where all producers are given fair and equal access to the markets, gained in popularity. [8]
Economic theory. Mathematical modeling; ... Economic sociology is the study of the social cause and effect of various economic phenomena. The field can be broadly ...
In his book A Theory of Justice, John Rawls outlines his famous theory about justice as fairness. The theory consists of three core components: [4] the equality of people in rights and liberties; the equality of opportunities for all; and; an arrangement of economic inequalities focused on benefit maximisation for those who are least advantaged.
Trade can be a key factor in economic development. The prudent use of trade can boost a country's development and create absolute gains for the trading partners involved. Trade has been touted as an important tool in the path to development by prominent economists.
Although laissez-faire has been commonly associated with capitalism, there is a similar laissez-faire economic theory and system associated with socialism called left-wing laissez-faire, [71] [72] or free-market anarchism, also known as free-market anti-capitalism and free-market socialism to distinguish it from laissez-faire capitalism.