Research output: A Conference proceeding or a Chapter in BookEntry for encyclopedia/dictionarypeer-review


Fairtrade is a term which has two distinct concepts. First, it is an institutional arrangement between producers in developing countries, and supply chain participants and ultimate consumers aimed to improve the working conditions and increase the revenues of producers. It provides an alternative to free trade which considers international trade as simply a buyer looking to purchase a product at the cheapest price possible. Rather, fair trade considers the impact of production on local population and the unfairness that can result from power imbalances between wealthy developed world purchasers looking to buy in bulk on the spot market and poorer, developing world producers who do not have the means to even out fluctuations or options to rapidly change livelihoods in response to market conditions. Fairtrade changes the way trade works through changing market institutions to provide better prices, decent working conditions
Original languageEnglish
Title of host publicationEncyclopedia of Sustainable Management
EditorsSamuel Idowu, René Schmidpeter, Nicholas Capaldi, Liangrong Zu, Mara Del Baldo, Rute Abreu
Number of pages5
ISBN (Electronic)9783030020064
Publication statusPublished - 2022


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