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An Islamic Perspective on Fair Trade
Khan, Ajaz Ahmed Thaut, Laura
Khan, Ajaz Ahmed
Thaut, Laura
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Khan, Ajaz Ahmed
Thaut, Laura
Thaut, Laura
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eeq.pdf
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Abstract
The growth of international trade has brought about significant economic benefits and prosperity to many. However, small-scale producers in many poor countries, particularly those whose livelihoods depend upon the farming of a single crop, are unable to compete in a world market controlled by large multinational companies and distorted by the subsidies provided by rich countries to their producers. It is estimated that due to trade restrictions in rich countries, poor countries lose out on an estimated US$100 billion per year, which is double the amount of aid that they receive (Wright and Heaton 2006: 414). As a consequence, farmers in poor countries have few options for generating an income and many live in poverty often unable to meet even their most basic needs. Fair trade is a response to these conditions.
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2008-08
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With permission of the license/copyright holder