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Is There Any Possibility Of Fair Trade For The

Is There Any Possibility Of Fair Trade For The World?

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Title: Is There Any Possibility Of Fair Trade For The World?

Essay Details:

Subject: Social Issues

Author: Jessie F

Date: August 7, 2012

Level: University

Grade: A

Length: 9 / 2579

Essay text:

As we know, the international trade system right now is based on the “comparative advantage theory”, which the benefits come from specializations; the larger markets will enhance the gains from economies of scale; and the more competition will makes a production more efficient. The problem is all the benefits that are promised by the “comparative advantage” theory, only come to the powerful nations/groups/individuals. The capitalism that are embedded in international trading system makes the rich get rich, and the poor get poor. Right now, there are a huge gap between rich and poor people and nations...

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