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What do you think can be done so that trade between countries is more fair?

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Question

What do you think can be done so that trade between countries is more fair?

Short Answer
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Solution

To achieve fair trade, governments and international organizations must collaborate and cooperate.

  1. Trade agreements, policies, and regulations should be transparent and open to all parties involved.
  2. Developed and poor countries should follow the same trade liberalisation rules.
  3. Trade agreements can encourage environmentally friendly production processes and fair labour standards, ensuring that trade benefits local people while also protecting the environment.
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Chapter 4: Globalisation and the Indian Economy - Intext Questions [Page 66]

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NCERT Social Science Understanding Economic Development [English] Class 10
Chapter 4 Globalisation and the Indian Economy
Intext Questions | Q 2. | Page 66
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