Discussion Forum Unit 5--PHILL

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Discussion Forum Unit 5 Introduction: When fair trade first started in the middle of the 20th century, it was a global program in which farmers and their employees in industrialized nations earned employment perks including funding (Jimenez & Pulos, 2016). 1. After studying this chapter, are you more likely or less likely to buy fair trade coffee? Why or why not? Even though I don't drink coffee, what I've learned from the article makes me wonder why I'm not more inclined to purchase fair trade coffee. The article makes it abundantly obvious that fair trade is a practice in which wealthier countries assist less developed ones (Jimenez & Pulos, 2016). Even though fair trade is undoubtedly not flawless, at least some regulations have been put in place to guarantee not just the advancement of economic development but also the security of food through specially designed audits (Jimenez & Pulos, 2016). 2. Is there another way of achieving the objectives of improving the lives of developing- country farmers and producers than the Fair-Trade approach? Describe at least one option. There may not be a better option, but if there were, I would have thought it would already exist. I came to this conclusion because it appears that free trade encompasses all ethical responsibility examples aimed at businesses. I believe it would be better to close the gaps and make sure that the current fair- trade organizations are improving rather than trying to find a better alternative. It is possible and necessary to raise awareness of fair trades so that more people would join and energize this movement. Fair trade, which is based on the principle of more naturally grown food, benefits both developed and developing countries (economic growth for the developing countries while the developed countries receive quality fair trade products). 2016 (Jimenez & Pulos). 3. Why do consumers buy Fair Trade products? List a few reasons and analyze each of them. According to the article, people purchase Fair Trade goods to ensure farmers and their workers receive employment advantages comparable to those seen in the industrialized world (Jimenez & Pulos, 2016). Thus, the economy of the developing countries benefits indirectly from this. Additionally, fair trade is marketed as a program to honor moral or structured production in developing nations (Jimenez, & Pulos, 2016). This encourages farmers and their agricultural workers to produce more food with moral propriety. Additionally, customers purchase Fair Trade goods because they support the idea that producers who meet certain criteria are ensured a minimum wage for their work (Jimenez, & Pulos, 2016). This indicates that these manufacturers have stable finances, which may increase their production (Jimenez & Pulos, 2016).

Reference:  Jimenez, G. C, & Pulos, E. (2016). Good Corporation, Bad Corporation: Corporate Social Responsibility in the Global Economy. Retrieved on March 3, 2020, from https://urldefense.com/v3/__https://milnepublishing.geneseo.edu/good-corporation-bad- corporation/__;!!BZ50a36bapWJ! siZ2ANdumSizFpzVzlyryS0obuxJy6auph0_FYm5FD_v6CW8u9jZBVsI96ikHrXcdefOufbdVK_WNpxU 69Up6N0TQ4Y$

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