Globalization, Governance, Democratization and Fair Trade

Pedja Asanin Gole and Rasto Ovin

A chapter in International Trade - On the Brink of Change from IntechOpen

Abstract: The chapter presents the discussion on fair trade initiatives and their possible role in achieving more equilibrated trade relations inside globalization and governance. The authors want to challenge the overrated goodwill of peoples' initiative mostly positioning itself as a counterpart of existing trade policy developments. Fair trade is scanned through principles of economics, which enable a conclusion that the present concept is too narrow to produce enough inside energy for its establishment in real policy of developed economies. Special attention the authors are paying to governance as a field that may profoundly explain the gaps subject to action in the fair trade initiatives. Due to the global meaning of the principle for sustainable global trade and security, it must continuously be more and more incorporated in the mainstream politics of world leading economies.

Keywords: trade policy; fair trade; NGOs; economics of trade; economic policy; governance; globalization (search for similar items in EconPapers)
JEL-codes: P33 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ito:pchaps:111861

DOI: 10.5772/66370

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