Ensuring Fair Wages and Ethical Consumption through the Determination of Minimum Acceptable Payment and Cost of Sustainable Production

Fair Trade is a trading partnership, based on dialogue, transparency and respect, that seeks greater equity in international trade. It contributes to sustainable development by offering better trading conditions to, and securing the rights of, marginalized producers and workers. The food price surge of 2008-2012 highlighted the difficulty of achieving an efficient food security policy framework which can be coherent and relevant both when the prices are low and when they sharply rise. Since 2008 we are facing the greatest economic slowdown in history, thus it is absolutely clear that the situation will only worsen. In this context, our paper aims to analyze the possible alternative given by the Fair Trade system. The article targets smallholders in agriculture and industry and presents software models for determining fair payments and costs of sustainable production in order to reduce poverty and optimize the production cycle [1]. This is motivated by the fact that according to the Rome Declaration on World Food Security, more than 800 million people throughout the world do not have enough food to meet their basic nutritional needs, even though food supplies have increased substantially.