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Pages:2 (632 words)
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Document Type:Research Paper
Document:#65015115
FAIR TRADE AND CONSCIOUS CAPITALISM 1Fair Trade and Conscious CapitalismHow does fair trade support the philosophy and practices of conscious capitalism?Conscious capitalism is a business philosophy founded by the co-CEO of Whole Foods Market Inc., John Mackey, which calls for balancing between virtue and profits in conducting business (North Eastern University, 2021). The philosophy of conscious capitalism is that businesses should pursue profits in an ethical manner that protects social and environmental values, and serves the interests of all stakeholders (North Eastern University, 2021). Conscious capitalism thus emphasizes the notion of doing well by doing good, and recognizing the interests of all primary stakeholders, including those that cannot speak for themselves. Fair trade, on the other hand, is a global trading partnership that pursues equity in international trade by protecting the rights and interests of marginalized workers and producers, particularly in less developed economies (North Eastern University, 2021).The fair trade movement supports the philosophy of conscious capitalism by giving certifications to businesses that create benefit for the land on which they are grown and the producers who make them. By pushing for the protection of the environment and the rights of marginalized stakeholders through, for instance, minimum supplier prices; fair trade demonstrates the core guiding principles of the conscious capitalism…
…to fair trade and what does not (Hira & Ferrie, 2006). The second challenge is that there is uneven awareness about fair trade in developing countries, which limits the concepts application (Hira & Ferrie, 2006). Due to uneven awareness, the few fair trade organizations that exist are forced to engage and trade with non-certified, and at times, unethical organizations, in which case they negate their purpose of ethically protecting all stakeholders. The third challenge is that it is not clear how fair trade contributes to economic development in developing countries given that certification limits itself to commodity goods only and the number of fair trade organizations or…
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Foreign Policy of China (Beijing consensus) Structure of Chinese Foreign Policy The "Chinese Model" of Investment The "Beijing Consensus" as a Competing Framework Operational Views The U.S.-China (Beijing consensus) Trade Agreement and Beijing Consensus Trading with the Enemy Act Export Control Act. Mutual Defense Assistance Control Act Category B Category C The 1974 Trade Act. The Operational Consequences of Chinese Foreign Policy The World Views and China (Beijing consensus) Expatriates The Managerial Practices Self Sufficiency of China (Beijing consensus) China and western world: A comparison The China (Beijing
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To avoid all these hassles, corporates should take the lead. They should ensure that the environment is not harmed in any way and people are treated with respect and dignity without exploiting the people or the environment in any unfair way. Such initiatives get publicity too and this has a positive impact on the company's business interests. Therefore, technology has been another driving factor that induces companies to take the
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Therefore, corporations have had to change their viewpoints and start looking at the long-term consequences of their behavior, as well as looking at the bottom line. Businesses also have to be concerned because consumers have also become aware of environmental concerns, and many consumers are demanding earth-friendly products and have shown a willingness to pay more money to competitors who observe environmentally-friendly practices. Interestingly enough, this demand has given rise
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Rapid innovations in technology, particularly telecommunications and transportation, have accelerated the globalization process in recent years, and a number of positive outcomes have been associated with these trends, including increased levels of international commerce and improved cross-cultural understanding and communications. Despite these significant positive outcomes, the same globalization processes have also further exacerbated existing economic and political inequalities between developed nations such as the United States and the United Kingdom.
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It is argued that while land tenure data can be instrumental in addressing land-related conflicts, much of the practical value is lost because of inconsistency of information and because information is not readily accessible, or cannot be combined to allow for greater depth of analysis. In practice, this means that policy-makers cannot make immediate use of the information that is available because additional time and expense are required either
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This was usually the case with the proliferation of British rule at the time; trade was the predecessor to British Colonialism. For administrative purposes, Singapore became a part of Penang and Malacca which were two other settlements in the region. By 1826 these areas were grouped together and became known as the Straits Settlement. Initially the centre of the Straits Settlement was Penang. Penang was governed by Calcutta and