Does the Fairtrade movement offer a viable model for a more ethical Essay

Does the finetrade movement offer a executable model for a more ethical trading system Choose one of the following sectors to explo - stress ExampleEthical trading is the umbrella term utilize to denote and describe all types of affair processes or practices, which borders on promoting socially as well as environmentally creditworthy trade. This was stated by Narasaiah (2006, p.148), Ethical trade is one dimension of corporate social responsibility, bringing social issues into the primary(prenominal)stream of commercial submit chain management through the use of codes of conduct. Although, the term is also used to refer to the trade practices in an organizations supply chain, instead of ethical trading, the term Fair backing is being used to denote the ethical trade practices in the supply chain. Although, the words Ethical Trade and Fair Trade are synonymously used or sometimes interchangeably used, there is some clear billet between the two words. Ethical trade focuses on employment conditions of workers within global value chains, as distinct from Fair Trade which focuses primarily on producer prices and trading relationships. (Barrientos, Conroy and Jones, 2007, p.60). Thus, Fair Trade is a form of trading, where the well-being of weak actors or producers in the supply chain is taken care, through best trading practices. That is, the big players need to carry out ethical practices and indulge in ethical trading, so that the interests of the small players or traders are protected. What is more, the Fair trade movement also focus on decrease the poverty and improving the living standard of primary producers or farmers. Successful organization will canvass to incorporate a feasible model for a more ethical trading system and this is relevant to organizations in any sector, including the food and drink sector. So, in this article, the argument will be made and the earth will be given on why Fair trade has become a viable model for more ethical tr ading system. Role of Fair Trade Fair Trade had its origins path back in 19th century in the form of Cooperative movement among the traders. However, it evolved more in the mid part of the 20th century. That is, it began with the Mennonite Central Committee, U.S. based service entity, deciding to do trade with the ugly communities in the South in the 1940s. From that beginning, it further expanded and become a movement in the sixties and 1970s. (Moore 2004). Fair Trade is the term given to the trade that is authorised and overseen by certain unbiased organisational bodies, whose role is to see whether that trade happens fairly giving the due benefits to the producers in the supply chain. The four main organizational bodies which formulated the guidelines that constitute Fair Trade, and gives Fair Trade recognition to specific producers and buyers, thereby overseeing the Fair Trade practices are Fair Trade Labelling Organizations International (FLO), World Fair Trade Organization (or erstwhile International Fair Trade Association), Network of European Worldshops (NEWS) and European Fair Trade Association. To further clear an omnipresent body, which can coordinate and oversee all the Fair Trade practices, these four bodies created together graceful (starting letters of the four) in 1998, an informal body whose goal is to harmonize fair trade standards and guidelines, increase the fiber and efficiency of fair trade monitoring systems, and advocate fair trade politically. (articlesbase.com 2011). This FINE is also responsible for