if you are a producer, would you want more free trade or fair trade, why?
Added by David M.
Step 1
- Free trade is an economic policy that allows markets to operate without government intervention, such as tariffs or subsidies. It promotes the free movement of goods and services between countries based on supply and demand. - Fair trade is a social movement and Show more…
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Should America encourage free trade with its trading partners or seek a more protectionist approach? Take a stand on this issue. It is not enough to argue BOTH sides of the issue. Support your opinion with good economic reasoning. Who benefits from your approach and who loses? Why? Include impacts on both American citizens and the citizens of the other countries with whom we (U.S.) trade. If your home country is outside the U.S. indicate the possible impact of your stand (favoring either free trade or trade protectionism) on your country. Some common search topics include employment, tariffs, quotas, and free trade agreements. Find a recent news article or editorial (past 12 months) that supports your point of view. Summarize the article, indicate how it supports your answer to #1, and include the URL.
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How does a fair-trade product differ from an otherwise identical imported good? What is the purported benefit of fair-trade certification on purchases of goods such as chocolate, coffee, bananas, and tea? Do fair-trade goods improve average wage and level of income in low-income nations? Why or why not?
What are some of the benefits of free trade to a less-developed country?
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