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Globalization, Governance, Democratization and Fair Trade

In: International Trade - On the Brink of Change

Author

Listed:
  • Pedja Asanin Gole
  • Rasto Ovin

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.

Suggested Citation

  • Pedja Asanin Gole & Rasto Ovin, 2017. "Globalization, Governance, Democratization and Fair Trade," Chapters, in: Anita Macek (ed.), International Trade - On the Brink of Change, IntechOpen.
    • Handle: RePEc:ito:pchaps:111861
    DOI: 10.5772/66370
    as

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    File URL: https://www.intechopen.com/chapters/53456
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    More about this item

    Keywords

    trade policy; fair trade; NGOs; economics of trade; economic policy; governance; globalization;
    All these keywords.

    JEL classification:

    • P33 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - International Trade, Finance, Investment, Relations, and Aid

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