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The Economics of Fair Trade

Author

Listed:
  • Raluca E. Dragusanu
  • Daniele Giovannucci
  • Nathan Nunn

Abstract

Fair Trade is a labeling initiative aimed at improving the lives of the poor in developing countries by offering better terms to producers and helping them to organize. In this survey, we provide a critical overview of the economic theory behind Fair Trade, describing the potential benefits and potential pitfalls. We also provide an assessment of the empirical evidence of the impacts of Fair Trade to date.

Suggested Citation

  • Raluca E. Dragusanu & Daniele Giovannucci & Nathan Nunn, 2014. "The Economics of Fair Trade," NBER Working Papers 20357, National Bureau of Economic Research, Inc.
  • Handle: RePEc:nbr:nberwo:20357
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    References listed on IDEAS

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    More about this item

    JEL classification:

    • F1 - International Economics - - Trade
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development

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