Fair Trade & Liberalisation - ECONOMIC INTERACTION Flashcards
1
Q
What are 4 goals of fair trade?
A
Environmental sustainability
Good working conditions & pay
No forced child labour
Trade Unions recognised
2
Q
What is trade liberalisation?
A
A neoliberal movement that wants to open ALL world markets to free trade and market forces.
3
Q
What is the main reason trade isn’t doing well?
A
Protectionism
4
Q
What is protectionism?
A
Protecting your countries companies by giving them money.