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

Graduate Business Ethics-Section 01 March 5, 2013 Is a Fair Trade constitution Superior to a Free Trade Policy? In the old 30 years the business world has changed tremendously because of globalization. It has solelyowed a affair relationship grow between the developed and exploitation countries. The United States has greatly profited from this relationship American business have been able to cut their fag costs by moving majority of the low skilled jobs to countries such as China, India, and Mexico. In The Fair Play Debate, Joseph Stiglitz fights for fair heap.He cogitates fair transaction policies argon needed to protect the poor from the rich. On the other hand, Gary Hufbauer argues for degage batch stating that it is a superior policy because it can benefit everyone in the developed and developing world. I agree with Joseph Stiglitz in this matter, because I opine fair trade is the best policy for the business world today. When state speak of globalization they only speak of the positives. They say free trade has increased the American household income by lowering costs of products and this was realizable because labor costs were cut.Joseph Stiglitz speaks of the other side of globalization. He states Americans who used to accomplishment these low skilled jobs have lost their jobs and ar having a laborious time senseing employment. Not only that, provided the workers in these countries are also suffering because the work environment isnt safe and they are underpaid. The unemployment rate in the United States has been increasing over the past 30 years. Factories have been closing and businesses have permanently shut down each(prenominal) over the U. S. Many Americans have packed up their belongings and travel to other areas to find work.In the article Can the Midwest Regain its frugal Clout, by Richard Longworth, it says places like Dayton, Cleveland, Detroit, and St. Louis have seen a decrease in their state because many have left to find work. These areas have lost anywhere from 40-60% of their populations. I understand from a business point of view globalization is a good way to make profit by safe takeing the cost down and individuals in other countries have work, however, the environment isnt always safe and they are getting 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 believe if companies ask to accuse the work overseas, they have to make fair trade rules. The work conditions need to better and so does the pay. This way both the rich business community and the poor workers benefit. I also believe that maybe not all the work from one company should be sent overseas send some work there and keep some here, this way much people will benefit I think fair trade is the morally just way to conduct business.Not only will Americans benefit, but so will the workers in developing countries. Most importantly this wo uld keep the rich from getting richer and the poor from struggling to keep afloat. I believe this could really cooperate close the gap between the two. It would also help lower the unemployment rate in the United States and will hopefully take up the average household income. Fair trade will bring in a strong foundation and a sense of camaraderie with developing countries.