The Economics of Fair Trade

  title={The Economics of Fair Trade},
  author={Raluca Dragusanu and Daniele Giovannucci and Nathan Nunn},
  journal={NBER Working Paper Series},
Fair Trade is a labeling initiative aimed at improving the lives of the poor in developing countries by offering better terms to producers and helping them to organize. In this survey, we provide a critical overview of the economic theory behind Fair Trade, describing the potential benefits and potential pitfalls. We also provide an assessment of the empirical evidence of the impacts of Fair Trade to date. 

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