Does Fair Trade Help?
4,234 views · Published 17 August 2015 · 5:49 · Indexed 12 November 2026
Channel: Marginal Revolution University · 2015 · Education
Fair trade is a popular movement in wealthy nations. But the next time you pay a premium for fair trade coffee, ask whether your purchase will really help workers in poor countries -- as fair trade products claim to do. As this video explains, there is a lack of strong evidence that fair trade has a positive impact on living standards in poor countries. We look at fair trade using the economic concepts of secondary consequences and the distinction between the seen and unseen. international Trade course: http://mruniversity.com/courses/international-trade Ask a question about the video: http://mruniversity.com/courses/international-trade/does-fair-trade-help#QandA Next video: http://mruniversity.com/courses/international-trade/who-supports-free-trade
