Why Fair Trade Matters When Free Trade Falls Short

ABOUT THE EPISODE Wharton Professor Z. John Zhang explains how the elegant theory of free trade relies on assumptions that simply don’t hold in today’s global markets, which is why calls for fair trade have grown more urgent. He shares how tariffs force a collective choice between who wins and who loses as a result.

ABOUT THE PODCAST This Week in Business features interviews with Wharton faculty about the latest news, fascinating trends, and issues impacting both consumers and the business world. Episodes are recorded at the Wharton School and published twice per week.

#tradepolicy #economics #globaleconomics #tariffdebate #tariffs #economicsecurity ----- The Wharton School of the University of Pennsylvania is committed to sharing its intellectual capital through Knowledge at Wharton, the school’s online business analysis journal.

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