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Article: Fair trade as a strategy for international competitiveness

TitleFair trade as a strategy for international competitiveness
Authors
KeywordsFair trade
Free trade
Globalisation
Sustainable development
Issue Date2003
PublisherSapiens Publishing. The Journal's web site is located at http://www.sapienspublishing.com/IJSDWE.php?PHPSESSID=b697f55e5d4fb4b729331db83e6659fe
Citation
International Journal Of Sustainable Development And World Ecology, 2003, v. 10 n. 1, p. 1-13 How to Cite?
AbstractAt the centre of the debate surrounding sustainable development is a recognition that companies can make a major contribution by being environmentally and socially responsible and that tools associated with these concepts can enhance the competitiveness and economic performance of the firm. In this paper we go further in arguing that in a world of globalisation it is equally important to look at issues of international trade. In an examination of free trade we argue that it is neither fully consistent with sustainable development nor to the benefit of business. We point to a new imperative to develop sound sourcing, and equitable and fair trading relationships. We identify issues associated with fair trade (including issues of human rights, fair wages, sustainability reporting procedures and codes of conduct on ethics) and associated tools of analysis (guaranteed prices, codes of conduct and end price audits). The paper argues that in a world of globalisation with greater transparency and information availability it will be important for companies to be clear about their policies on supply chain management and trade. Indeed, with the growth of an active and sophisticated civil society, it will be argued that policies associated with sound sourcing, equitable trade and fair trade could provide companies with a new competitive strategy based on ethical standards communicated to the consumer through a strategy of differentiation. We explore strategies for the integration of fair trade policies, strategies and standards, and the opportunities for new markets and niches that this presents. It is argued that the integration of fair trade into a business strategy can enhance competitiveness.
Persistent Identifierhttp://hdl.handle.net/10722/89759
ISSN
2015 Impact Factor: 1.609
2015 SCImago Journal Rankings: 0.706
References

 

DC FieldValueLanguage
dc.contributor.authorWelford, Ren_HK
dc.contributor.authorMeaton, Jen_HK
dc.contributor.authorYoung, Wen_HK
dc.date.accessioned2010-09-06T10:01:27Z-
dc.date.available2010-09-06T10:01:27Z-
dc.date.issued2003en_HK
dc.identifier.citationInternational Journal Of Sustainable Development And World Ecology, 2003, v. 10 n. 1, p. 1-13en_HK
dc.identifier.issn1350-4509en_HK
dc.identifier.urihttp://hdl.handle.net/10722/89759-
dc.description.abstractAt the centre of the debate surrounding sustainable development is a recognition that companies can make a major contribution by being environmentally and socially responsible and that tools associated with these concepts can enhance the competitiveness and economic performance of the firm. In this paper we go further in arguing that in a world of globalisation it is equally important to look at issues of international trade. In an examination of free trade we argue that it is neither fully consistent with sustainable development nor to the benefit of business. We point to a new imperative to develop sound sourcing, and equitable and fair trading relationships. We identify issues associated with fair trade (including issues of human rights, fair wages, sustainability reporting procedures and codes of conduct on ethics) and associated tools of analysis (guaranteed prices, codes of conduct and end price audits). The paper argues that in a world of globalisation with greater transparency and information availability it will be important for companies to be clear about their policies on supply chain management and trade. Indeed, with the growth of an active and sophisticated civil society, it will be argued that policies associated with sound sourcing, equitable trade and fair trade could provide companies with a new competitive strategy based on ethical standards communicated to the consumer through a strategy of differentiation. We explore strategies for the integration of fair trade policies, strategies and standards, and the opportunities for new markets and niches that this presents. It is argued that the integration of fair trade into a business strategy can enhance competitiveness.en_HK
dc.languageengen_HK
dc.publisherSapiens Publishing. The Journal's web site is located at http://www.sapienspublishing.com/IJSDWE.php?PHPSESSID=b697f55e5d4fb4b729331db83e6659feen_HK
dc.relation.ispartofInternational Journal of Sustainable Development and World Ecologyen_HK
dc.subjectFair tradeen_HK
dc.subjectFree tradeen_HK
dc.subjectGlobalisationen_HK
dc.subjectSustainable developmenten_HK
dc.titleFair trade as a strategy for international competitivenessen_HK
dc.typeArticleen_HK
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=1350-4509&volume=10&issue=1&spage=1&epage=13&date=2003&atitle=Fair+Trade+as+a+Strategy+for+International+Competitivenessen_HK
dc.identifier.emailWelford, R: rwelford@hkucc.hku.hken_HK
dc.identifier.authorityWelford, R=rp00879en_HK
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.scopuseid_2-s2.0-0037354523en_HK
dc.identifier.hkuros78000en_HK
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-0037354523&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume10en_HK
dc.identifier.issue1en_HK
dc.identifier.spage1en_HK
dc.identifier.epage13en_HK
dc.publisher.placeUnited Kingdomen_HK
dc.identifier.scopusauthoridWelford, R=6603821264en_HK
dc.identifier.scopusauthoridMeaton, J=6507155943en_HK
dc.identifier.scopusauthoridYoung, W=8698172600en_HK

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