THE POLITICS OF GLOBAL TRADE: REVISITING THE FAIR TRADE DOCTRINE IN THE ERA OF ECONOMIC HEGEMONY
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Abstract
Fair international trade is an important goal in creating an inclusive and sustainable global economic system, especially for developing countries. While the principle of *Fair Trade* focuses on fair pricing and protecting the rights of producers in developing countries, its implementation is often hampered by the dominance of developed countries in global decision-making. To address this inequality, reform of global institutions such as the WTO is necessary to strengthen the representation of developing countries and establish fairer dispute settlement mechanisms. In addition, developing countries can strengthen their position by building regional alliances such as ASEAN and the African Union, which can increase their collective bargaining power in international trade negotiations. Integrating fair trade principles in bilateral and regional trade agreements will also provide greater opportunities for developing countries to obtain fairer prices and improve their socio-economic conditions. Effective educational campaigns and increased global consumer awareness about the importance of choosing fair trade products can accelerate this change, create higher demand for fairly produced products, and encourage developed countries and companies to adopt more sustainable trade practices. These steps can strengthen the position of developing countries in the international trading system and create a more equitable and sustainable global economy.
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