Alternative Trading Systems And Organization

Fair trade is a relatively old phenomenon that presents an alternate trading system

, which facilitates small scale producers and workers (mainly from undeveloped countries), so that they can sell their products in the developed markets without being duped by the middleman or the capitalist who pay these workers the smallest amount but sells the product to consumers at a hefty price. At the end of the day, it is the middlemen or industrialist, who takes home the larger profits while the real worker is left with little or no opportunities to grow, which is quite unfair. For that reason a fair trading system has been introduced that tends to be directed more by socialist viewpoint than the capitalist.

Alternative Trade Organizations:

Fair trade (also known as alternative trade) calls for market access for low level producers, so that theyll be able to sell their products at reasonable price. This is what these alternative trade organizations (or fair trade organizations) works for. Fair trade movement, which was started back in 1940s, was initially based on religious or ethical commandments. With the passage of time, as more and more people including NGOs and students joined in the cause, it is now becoming more and more popular especially in Europe and North America. For the reason that its not only the worker who benefits, but the whole society, especially the consumers who will be paying fair price.

To achieve their ultimate goal (which is to empower destitute workers towards economic prosperity), fair trade organizations works toward promoting this trade system, and spreading awareness among consumers. Such products are not easily available in all markets, so these organizations have to endorse the locations and stores where such merchandise is available. There is a type of certification known as Fair trade Certification, granted to businesses who meet the standards (works pretty much the same like ISO certification). Some of these standards are no gender discrimination, decent wages for workers, no child labor and safe working conditions. Though theres no restraint but till now the fair-trade is normally limited to simple household stuff like tea and coffee, fruits, chocolate or handicrafts.

Alternate trading systems:

Some people confuse alternative trade with alternate trading system, because of the similarity in the names. Alternate trading systems are actually unconventional trading system set up for the convenience of stocks buyers and sellers. These are not necessarily stock exchange, though a set of regulations made by SEC applies on them. Online trading system is an example of alternate trading.

by: William

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