International trade – Clip

The video discusses the economic disparity between rich and poor countries, highlighting how farmers and laborers in poorer regions work long hours for minimal pay, while their products are sold at high prices in wealthier nations. It questions the fairness of this system and introduces the Fair Trade Foundation, which aims to ensure better pay for workers. Fair trade practices help improve living standards by increasing wages and supporting community development. Consumers are encouraged to support fair trade by purchasing labeled products, ensuring fair compensation for producers.

What new insight or understanding did you gain from this video?