Fair trade provides no significant benefits. To what extent do you Essay - 1

Fair trade provides no significant benefits. To what extent do you agree - Essay Example Fair trade is a social movement that aims at helping developing countries to achieve better conditions when trading with others, as well as achieve those goals that promote sustainability within their borders. In this movement, the main aim is to create an advocacy movement that seeks to impose higher prices amongst exporters, as well as ensure that the social and environmental standards are satisfied (Kadey 2005: 1). Dragusanu, Giovannucci and Nunn (2014a: 6-7) note that the settings of the fair trade commissions in the past aimed at dealing with five main attributes that would promote fair trade. The first one is pricing which aim at guarantee a minimum price for all goods in addition to a fair trade premium on all products sold. The prices and the premiums will be set separately, but with the producer in mind. The second is the aspect of the workers who must be free to associate with others, have safe working conditions, and wages that befit their legal minimum stated in the policies present. Regional balances will be drawn to ensure uniformity across a particular region. The third is the institutional structure where farmers need to create cooperatives that will make decisions democratically and transparently to effectively export products and administer premium aid. The premiums paid to the cooperatives will be accounted for by the administrators. The fourth attribute deals with the environm ent where harmful chemicals to the environment will be prohibited. This is to safeguard the environment and ensure good environmental practices remain etched into the farming management practices always. The last attribute deals with stability and access to credit where buyers may agree on long-term contracts and provide financial aid to promote producers when requested. In most cases, the people are aware of the impact that better trading options have on

Wynn Resorts Annual Report Essay Example | Topics and Well Written Essays - 1500 words

Wynn Resorts Annual Report - Essay Example the total revenue from $4, 184, 698, 000 in 2020 to $5, 269, 792,000 and an increase in net income from $160, 127, 000 in 2010 to $613, 371, 000 in 2011. The financial performance of the company has also been increasing as indicated by the increase in the company financial ratios. The company is preparing for the future by planning on new ventures. The company plans to increase it operations in order to reach the global customers, and that is why it plans to open more branches across the world in the future. In 201, the company opened an Encore at Wynn Macau as part of its expansion into luxuries hotels and Casino globally. Recently, the company has been proposing to apply for a construction of a hotel and Casino in Philadelphia as part of its efforts of increasing and diversifying its operations. The company has also introduced new products and services into the market like the introduction of spacious suites, additional gaming and retail space which were introduced in the Wynn Macau branch. Mission statement- Wynn Resorts Limited targets high worth individuals through the provision of a variety of socioeconomic activities in its resort industry and Casino. With its resorts in Macau and Las Vegas both at the Peoples Republic of China, the resort aims at reaching a global customer base. The resort also strives to the provision of new and innovative lodging and gaming amenities to all customers. It continually seeks for expansion opportunities and new ventures in order to make advancements in its Wynn brand and also to maximize shareholder wealth. Wynn Resorts Ltd continues to provide its customers with unique and quality gaming resort experience. It encourages employee training, growth and development in order to ensure hospitable and luxurious environment for all its customers. The main reason for choosing this article is because it talks of the current issues in Wynn Resorts Limited. The article talks on the new look in Limited and Las Vegas Sands Corp which