Fair trade: a “third generation welfare” mechanism to make globalisation sustainable

Adriani FabrizioBecchetti Leonardo
CEIS Working Papers
Globalisation of product and labour markets has dramatically evidenced the market failure generated by the monopsonistic (oligopsonistic) power of buyers of labour (low value added products) from unskilled workers (subcontractors). The absence of a global
Number: 170
Date: Wednesday, May 1, 2002
Revision Date: Wednesday, May 1, 2002