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Fair Trade Movement between Developed and Developing Countries - Research Paper Example

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From the paper "Fair Trade Movement between Developed and Developing Countries" it is clear that the fair – trade movement has been one of the most constant and most unwavering criticisms of the World Bank and International Monetary Fund’s (IMF) policies of deregulating barriers to trade…
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Fair Trade Movement between Developed and Developing Countries
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Download file to see previous pages It is the case that the effectiveness of both the World Bank and the IMF are criticised because of its failure to further stand for the concerns of the developing world, including the interests for greater equity in trade (Share the World’s Resources (STWR), no date). Nonetheless, both these Bretton Woods Institutions together with the fair – trade movement are supposed means to reduce the poverty occurring globally. With the contextualisation of the background of this research investigation, basically, the paradoxical function of fair – trade movement is observed. In this regard, the key question that frames this study is what really the function of the fair – trade movement is as a catalyst for reducing poverty. There is a point of view suggesting that the fair – trade as a social movement only serves a function of being an extension of the policies of both the World Bank and IMF.
On the one hand, another vantage point proposes that this fair – trade does constitute a real alternative to the “Washington Consensus”. Given these contradicting points of view, this paper considers the need to critically review, analyse, understand and explain what really the role of the fair – trade it serves. Meanwhile, this paper mainly delves at discussing the function of the fair – trade movement in relation to the World Bank and IMF. In order to further understand the focus of this paper, it intends to specifically obtain the following information. First, it points out to establishing what the functions of the World Bank and IMF are. Second, it seeks to grasp an understanding of the Washington Consensus. Third, it wants to analytically determine how the fair – trade movement is currently doing between the developed and developing nations. Through rooting out and analysing such data, it can finally discuss whether fair – trade is an extension of the World Bank and IMF’s policies or if it constitutes a real alternative to the Washington Consensus. ...Download file to see next pages Read More
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