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FAIR TRADE IS COUNTERPRODUCTIVE AND UNFAIR: REJOINDER
Author(s) -
Haight Colleen,
Henderson David R.
Publication year - 2010
Publication title -
economic affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.24
H-Index - 18
eISSN - 1468-0270
pISSN - 0265-0665
DOI - 10.1111/j.1468-0270.2009.01980.x
Subject(s) - fair trade , criticism , economics , point (geometry) , quality (philosophy) , law and economics , law , international trade , philosophy , political science , epistemology , mathematics , geometry
This is a rejoinder to a criticism of Henderson (2008) by Alastair Smith. Our conclusion is that Henderson's basic case, although nicked around the edges by developments since the original was written, still stands. Moreover, we point out that Smith's criticism of Henderson's point that Fair Trade could help kill the banana actually supports Henderson's case. Finally, Smith's proposed ‘trade, not aid’ solution does not contradict Henderson (2008). Refusing to buy Fair Trade coffee and other products and, instead, buying quality coffee and other products would not reduce trade, as Smith seems to imply.