GLBL 210 Notes 4/20/16
GLBL 210 Notes 4/20/16 GLBL 210
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This 2 page Class Notes was uploaded by Hadley Ashford on Wednesday April 20, 2016. The Class Notes belongs to GLBL 210 at University of North Carolina - Chapel Hill taught by Jonathan Weiler in Spring 2016. Since its upload, it has received 9 views. For similar materials see Global Issues in Global Studies at University of North Carolina - Chapel Hill.
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Date Created: 04/20/16
GLBL 210 Notes 4/20/16 - Key concepts: o Value chains o Fair trade o Information - Fair trade isn’t a guarantee of well-being o Fair trade producers still rely on market conditions - Different motivations for fair trade: o Want to support fair treatment of farmers o Willing to pay higher price for environmentally-friendly produced coffee - Ethiopian definitions of good life: o Clean/available water o Sturdy/clean clothing and shoes o Education o Nutritional food o Cows able to produce milk o Health center o Did NOT talk about technological advancements or frivolous material possessions o Illustrates differences in different models of success Ethiopians value different things to constitute a good life than Americans - Information: o Prices set in stock markets of London and New York Inform market price of commodities o Lack of information of coffee prices on global market Farmers have difficult time fighting for fair price o Differences of availability of information at different ends of supply chain Therefore, power is asymmetrical o Lack of information to consumers about fair trade policies - Price for kilo of coffee at producer end= $0.11-$0.22 o Movie said price raise to $.57 would make huge difference in their lives o ~$0.35 raise in labor price would only translate to a change in >$0.01 per cup of coffee for consumer o Difference in price for consumer is barely noticeable - Criticisms of fair trade: o No standardization of fair trade requirements Ex. different fair labor standards to be considered “fair trade” for different organizations o Fair trade distorts national price, causing too much production for demand, which leads to surplus and decreased prices - Extreme fluctuation of commodity prices o Economies that are reliant on commodities are extremely vulnerable o Ex. coffee prices from commodity crisis chart on PowerPoint (can use as an example for final exam) - Links in value chain: o Growers/producers o Buyers o Exporters of processors o Foreign buyers o Roasters (for coffee) o Retailers (ex. Starbucks) - Goal to increase grower treatment/well-being is to get rid of some of above links o Ex. producers also act as exporters/processors and possibly roasters, get rid of buyers
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