Fair Trade: The Role Of Globalization In Business
Globalization has been an essential part of trade in the past and present; and will without a doubt play a major role in the future. Trading internationally has been used for a wide variety of purposes throughout the years. From the trading of weaponry during times of crisis and war to natural resources that while thriving in one country may be lacking in another.
Many Companies such as Google, Apple, and Adidas have discovered that to increase sales and have a larger audience to target that it is key to have a multinational corporation. A multinational corporation is one that owns or sells a product or provides a service in at least one other country other than their country of origin. Usually when this is the case a knowledgeable and seasoned employee of the company is sent abroad to manage the trades. (https://en.wikipedia.org/wiki/Multinational_corporation)
However one thing that drastically affects
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Such as the “fair” amount of money that is paid to those that are producing a product in exchange, this is known as Fair Trade. The problem with this is that in many cases “fair” trade is not actually fair. There is often a lack of balance between the producer and the consumer. There are many circumstances where rules are too high-handed and cause an imbalance in power. Which ultimately can cause a corrupt business environment. However there are other situations where a lack of rules can lead to corporations taking advantage of others which can have serious repercussions financially, socially, and environmentally.
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