Explain what the term 'Fair trade' means and what are the important Essay

Explain what the term 'Fair trade' means and what are the important issues for the business world - Essay Example The basic intention of having fair trade is to move the works of the producers from the developing markets down towards the more urbanized quarters of the world, which suggests that the works of these developing countries are appreciated and allotted with revenues in return. This also helps the developing regimes to move from a position of vulnerability to security as well as economic self-sufficiency. The aspect of empowerment is also apparent from these undertakings since it allows for these developing nations to have more stakes in their produced goods over a period of time and thus allow them far more share in their own wealth. What this in essence does is to provide a greater share of equity which marginalizes the world trade levels as well as brings an end to the exploitation that has been happening over a long period of time, more so under the international trade tenets. A number of different global organizations work in close unison with fair trade regimes since this brings in aid for the poor countries, uplift in economic levels for the ones which are on the development curve and an overall prosperity scenario for the countries that have already been established and are making both ends meet in an economically self-efficient manner. These social and environmental organizations include Oxfam, Amnesty International and Caritas International to name a few. What these organizations try to do is to devise ways and means through which fair trade could be bolstered between different world regions and the societies could benefit from these steps that are taken under such levels. Also there is unity of purpose and actions are carried out in a manner which works to the advantage of the whole globe rather than a single entity at the very end. Because of these very steps, there are critics present under the banner of the fair trade regimes which suggests that the close