Can free trade withstand recession?
...trade market emphasizes on the export from developing and less developed countries to developed countries including goods like ‘coffee, cocoa, sugar, tea, bananas, honey, cotton, wine, fresh fruit, chocolate, flowers, and gold and handicrafts goods’ (Glockner, 2010, p.4). 1.2 History of free trade Fair trade is a concept arising from the realms of free trade. Therefore before elucidating the concept of fair trade a short discussion about the notion of free trade entails some necessity... ? Can free trade withstand recession? In recent years financial crisis and economic meltdown have greatly affected the level of income earned by people all over the world. The financial crisis of 2007-2008 reduced the...