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Doing Business

What is Fair Trade?

Watch the following video, it goes for nearly an hour, so if you are going to watch it, you will need to make the time.

This documentary tells the story of the global movement towards Fair Trade from an American perspective - from supporting small farmers to get a fair price for their goods and supporting communities in health and education.

One of the participations says, Fair Trade is like ‘a farmer’s market going global’. 

One of the buyers in the documentary says that Fair Trade is about ‘doing the right thing’ and that every consumer has the power to do that. 

As this video highlights, the world’s economies are increasingly interconnected. Globalisation describes a world that is connected through 

  • systems (financial, regulatory, border control)
  • technologies (telecommunication, Internet, satellites, other) 
  • business operations (trade, outsourcing, foreign investment). 

Learning Portfolio

Complete exercise 4 in your Learning Portfolio.
 

 

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