Why is Fair Trade Important | What is Fair Trade Certified
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Why Free Trade Creates Winners and Losers I 60 Second Economics While free trade can boost growth, it also creates significant risks for workers, communities and economies. Increased import competition can lead to job losses and wage suppression, particularly for low-skilled workers exposed to cheaper overseas labour, raising the risk of structural unemployment and relative poverty. Trade can also encourage firms to relocate production to countries with weaker labour and environmental regulation
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