April 22, 2006

Why ‘fair’ trade is a bad deal for poorest farmers

"THIS is Fairtrade Fortnight, the time of year during which we are encouraged to pay more for everything from cups of coffee and chocolate bars to cosmetics and cut flowers. But while filling the shopping trolley with “fair trade” goods may help relieve the guilt of affluent middle class consumers, its effect in the marketplace is far from benign. A combination of economic illiteracy and do-gooder foolishness has created a monster that threatens the prosperity of the poorest producers."
thebusinessonline.com
Note that the author is Director-General of the Globalisation Institute, a trade and international development think tank in London.
Comments always welcome via e-mail. Posted by Martin Sewell at April 22, 2006 7:12 PM