TNCs and the corruption of GATT: Free trade versus fair trade [Book Review]

Journal of Business Ethics 12 (7):573 - 578 (1993)
  Copy   BIBTEX


In order to enrich global corporate culture, a distinction must be made between the economic ideology of free trade and the moral ideology of fair trade. GATT has failed to make this distinction. Its sole ethos of free trade is only applicable among developmentally equivalent nations, and has been used by TNCs as a means for attaining their commercial ends in the third world. GATT''s lack of commitment to an objective of fair trade necessitates its replacement. This article suggests a replacement in the form of a network of trade organizations. The network takes the form of a hub-and-spoke arrangement, in which the hub would be the Global Trade Organization, and the spokes would each represent Regional Trade Organizations.



    Upload a copy of this work     Papers currently archived: 91,998

External links

Setup an account with your affiliations in order to access resources via your University's proxy server

Through your library


Added to PP

73 (#225,960)

6 months
10 (#269,219)

Historical graph of downloads
How can I increase my downloads?

Citations of this work

Ethical Value-Added: Fair Trade and the Case of Café Femenino.J. J. McMurtry - 2009 - Journal of Business Ethics 86 (S1):27 - 49.

Add more citations