Essentially, the term Fair Trade refers to the following business model: companies pay craftsmen and farmers in developing countries an increased wage for goods that are traditionally produced in that region. These goods are produced with an eye to minimal environmental impact. Examples of Fair Trade goods are: bananas, honey, cotton, wine, handcrafts, coffee, sugar, and tea. As of 2008, the annual amount of revenue generated by Fair Trade goods amounted to approximately US$4.08 billion worldwide.
While the popularity of Fair Trade goods is almost certainly a byproduct of good intentions on the part of consumers, is there a downside to the Fair Trade industry?
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Wall Street Reform + Oil Cap + Gay Marriage
July 16th, 2010 · 1 Comment · Business Ethics, Democracy, Energy & Sustainability, General Commentary, media-general, Politics, Protests and Crackdowns, Social and Economic Justice, Socially Responsible Investing
Rarely do I open up my morning paper and see even one positive story among the day’s major news. Today—though I already knew about two of them from other sources—there were three: 1. The Wall Street Reform Bill has passed both houses of Congress. Is it everything I want? Of course not. Is it more [...]
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Tags: Argentina Gay Marriage·deepwater horizon·news stories·Oil Cap·Wall Street Reform