Smith vs Smith: A primer on the Fair Trade debate – Diversification & Structural Change

For anyone interested in learning more about the debate between advocates of absolute market liberalization and the broad concept of Fair Trade (as an aside, I believe these are interdependent), Smith presents in the video/powerpoint presentation below the common critiques of Fair Trade made by those advocating the avoidance of intervention in agricultural markets like coffee, as well as his rebuttals to these critiques.  All of the points made are theoretical microeconomic arguments, but Smith does quite a good job of outlining the realities facing many coffee producers.

Video Presentation:  FLO Fair Trade Diversification And Structural Change

For those that would prefer to read on the subject, here’s a useful document that outlines much of the arguments presented from both sides (although considerably biased towards the opinion of the author).   Link to pdf

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