Fair Trade Is Counterproductive - And Unfair
"Fair trade - paying a price premium for commodities based not on quality but on employment and other conditions - is counterproductive and unfair. It results in consumers getting a lower-quality product. Much of the gain from the price premium goes to the fair-trade bureaucracy rather than to the producer. Fair trade may even, if effective, destroy the banana industry. A better solution for consumers and third-world producers is to abolish all remaining trade barriers." Copyright (c) 2008 The Author. Journal compilation (c) Institute of Economic Affairs 2008.
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Volume (Year): 28 (2008)
Issue (Month): 3 (September)
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