Is a Fair Trade Policy Superior to a Free Trade Policy?

Graduate line of descent Ethics-Section 01 March 5, 2013 Is a Fair flock Policy Superior to a excuse Trade Policy? In the prehistoric 30 years the business excogitation has changed tremendously because of globalization. It has allowed a trading family grow between the developed and ontogeny countries. The fall in States has greatly profited from this relationship American business bring on been able to ignore their labor cost by miserable majority of the low skilled bloodlines to countries much(prenominal) as China, India, and Mexico. In The Fair run a charge Debate, Joseph Stiglitz fights for fair trade.He recalls fair trade policies atomic number 18 needed to protect the low-down from the rich. On the another(prenominal) hand, Gary Hufbauer argues for free trade stating that it is a superior insurance because it can take in every superstar in the developed and evolution world. I agree with Joseph Stiglitz in this matter, because I conceive fair trade is the be st policy for the business world today. When people babble out of globalization they wholly speak of the positives. They joint free trade has increased the American household income by noteing costs of products and this was possible because labor costs were cut.Joseph Stiglitz speaks of the other side of globalization. He states Americans who used to sketch these low skilled jobs abide preoccupied their jobs and ar having a difficult term prevailing employment. Not only that, unless the workers in these countries are also miserable because the work environment isnt synthetic rubber and they are underpaid. The unemployment rate in the coupled States has been increasing over the past 30 years. Factories have been closing and businesses have for trustworthy shut down all over the U. S. Many Americans have packed up their belongings and moved to other areas to remember work.In the article Can the Midwest observe its Economic Clout, by Richard Longworth, it says place s like Dayton, Cleveland, Detroit, and St. Louis have seen a decrease in their nation because many have left to find work. These areas have lost anywhere from 40-60% of their populations. I understand from a business leg of view globalization is a good way to make profit by keeping the cost down and individuals in other countries have work, however, the environment isnt always safe and they are acquiring paid next to nothing.Meanwhile, in the United States, so many people are struggling to find a job and keep their families financially afloat. I accept if companies want to send the work foreign, they have to make fair trade rules. The working conditions need to better and so does the pay. This way both the rich businessmen and the pitiful workers benefit. I also believe that peradventure not all the work from one company should be sent overseas send some work on that point and keep some here, this way much people go out benefit I think fair trade is the virtuously just way to conduct business.Not only give Americans benefit, but so pass on the workers in developing countries. Most importantly this would keep the rich from getting richer and the poor from struggling to keep afloat. I believe this could really help close the go between the two. It would also help lower the unemployment rate in the United States and will hopefully bring up the fair household income. Fair trade will build a strong foundation and a sense of camaraderie with developing countries.