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April 14, 2015

Free and Fair Trade

 

Quite often such terms as fair trade and free trade are used interchangeably. However, it is important to remember that they mean two different things. The term ‘free trade’ presupposes uncontrolled and unrestricted access to the economy. It is duty-free and tariff-free. It also works for goods that have been made for $4-per-hour or less.

Speaking about fair trade, its main focus is on working conditions and wages. What is important to keep in mind is that the time has come to pay more attention to fair trade. There is a general belief that free trade has done a lot of damage in the recent years which is the reason why something has to be done. The best way to do it is to implement fair trade practices. Apart from that, there is another point of view according to which free trade is largely responsible for the economic decline. Taking everything into account, the first step to be taken is to find out more about the difference between free trade and fair trade as well as the way in which both of them are working. You can find additional information on that subject here … orderessay.net

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