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

Graduate Business Ethics-Section 01 March 5, 2013 Is a Fair tidy sum Policy Superior to a Free Trade Policy? In the past 30 years the business world has changed tremendously because of globalization. It has allowed a trading relationship grow between the developed and develop countries. The United States has greatly profited from this relationship American business retain been able to cut their labor termss by moving majority of the low ball-hawking jobs to countries such as China, India, and Mexico. In The Fair Play Debate, Joseph Stiglitz fights for neat trade.He considers fair trade policies are needed to protect the poor from the rich. On the other hand, Gary Hufbauer argues for cede trade 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 cogitate fair trade is the best policy for the business world today. When people speak of globalization they only speak of t he positives. They say free trade has increased the American household income by lowering costs of products and this was possible because labor costs were cut.Joseph Stiglitz speaks of the other side of globalization. He states Americans who used to work these low skilled jobs throw away lost their jobs and are having a difficult time finding employment. Not only that, but the workers in these countries are also suffering because the work milieu 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 turf out down all over the U. S. Many Americans have packed up their belongings and moved to other areas to find work.In the article Can the Midwest chance its Economic Clout, by Richard Longworth, it says places like Dayton, Cleveland, Detroit, and St. Louis have seen a decrease in their population because many have left to find work. These areas have lost a nyplace from 40-60% of their populations. I understand from a business point of view globalization is a good way to make profit by keeping 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 want to send the work overseas, they have to make fair trade rules. The working conditions need to better and so does the pay. This way both the rich businessmen and the poor workers benefit. I also believe that maybe not all the work from one company should be sent overseas send about work there and keep some here, this way more people go forth 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 would keep the rich from getting richer and t he poor from struggling to keep afloat. I believe this could really help close the gap between the two. It would also help lower the unemployment rate in the United States and will hopefully bring up the average household income. Fair trade will build a strong foundation and a sense of camaraderie with developing countries.