Fair trade Essay Example | Topics and Well Written Essays - 1500 words

delightful trade - Essay Example knowledge domain trade has been increasing at an average rate of six percent for the last 20 years, which is doubly the rate of world output. The integration of the world economy with the help of trade has lifted the living standards of the lot indoors these develop landed estates, which is a positive sign.Sustained and consistent economic growth requires policies that can distribute trade and investment with the rest of the world. in that respect is proof to it and it is that there has not been a single nation that has achieved economic stability without being open to the world for trade. International trade requires liberalization, i.e., openness to all and mixed within the world no matter what. The living standards are in direct proportion with them. There is a high need to promote and liberalize the manner in which trade is carried out within the world economy. It needs to be more generous to every wiz and anyone as well as helpful for the developing nations so that more and more trade is carried out between the economic world markets. (Miles, 2006) Agriculture is one such example of being more liberal for the international trade market. Liberalization by twain industrial and developing nations is necessary to realize trades potential that acts as a impetuous force for economic growth and development. It is up to the industrial and developed nations to be more broadminded towards the developing ones so that trade barriers are removed in the wake of open trade between all the countries listed in the economic world.Fair trade is a social movement which is organized in nature and it fundamentally presents a model which is accepted worldwide. It comes directly under the norms of the international trade regimes whereby it promotes payment of a bring together price in accordance with the social and environmental standards in different areas of production related with goods and supplies. Fair trade has the emphasis on ex porting goods and