Why fair trade is not fair for under developed countries
Answers
Explanation:
Fairtrade Fairtrade or ‘Fairer Trade’? Who knew that the use of a comparative could cause so much fuss? What with Sainsbury’s dropping the Fairtrade label from its own-brand teabags in favour of a ‘Fairer Trade’ label, that’s exactly what has happened. Ignoring the fact that Sainsbury’s actually announced this move back in May, certain commentators (including some Labour MPs such as Andy McDonald and Stella Creasy) have only just now cottoned on to it, and (for some reason) have decided that this is ‘a bad thing’.
It would be a fair assumption to make that a country with a large amount of natural resources would be more likely to develop fastest and furthest. This could be assumed because natural resources in a country would be likely to stimulate trade at first within that country, and later to outside countries.