5 Reasons Why I think Protectionism Will Hurt Fair Trade

1. Trade protectionism will reduce overall trade between countries, and the poorest countries often rely heavily on export.

2. Trade protectionism will force some businesses to find ways to reduce cost, hence putting downward pressure on wages especially in countries where labour law is non-existent or non-enforced.

3. Trade protectionism will encourage consumers to think only of fair treatment of their fellow countrymen instead of fair treatment of all workers.

4. Trade protectionism will encourage businesses to withdraw from overseas production, some of which have taken significant positive steps towards fair trade practices in recent years.

5. Trade protectionism will make importing of fair trade products more expensive, hence halting the growth of the fair trade movement and hurting the small businesses that try to make a positive impact through fair trade.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s