Fairtrade

Benedict Sheehy

doi:10.1007/978-3-030-02006-4_105-1

Fairtrade

Benedict Sheehy

Canberra Law School

Research output: A Conference proceeding or a Chapter in Book › Entry for encyclopedia/dictionary › peer-review

Abstract

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 language	English
Title of host publication	Encyclopedia of Sustainable Management
Editors	Samuel Idowu, René Schmidpeter, Nicholas Capaldi, Liangrong Zu, Mara Del Baldo, Rute Abreu
Publisher	Springer
Pages	1591-1595
Number of pages	5
ISBN (Electronic)	9783030020064
ISBN (Print)	9783031259838
DOIs	https://doi.org/10.1007/978-3-030-02006-4_105-1 https://doi.org/10.1007/978-3-031-25984-5_105
Publication status	Published - 1 Jan 2023

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 12 Responsible Consumption and Production

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ER -

Fairtrade

Abstract

UN SDGs

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