Question

I need a clear example of how fair trade has allowed richer countries to exploit less economically developed countries for their natural resources and payed them alot less

Answer 1

Rich countries claim that they know the best way of utilisation of natural resources.And the same way they do it with other less developed nations,they claim to be the best utilisers,buy from them at a very less price and use it for themselves.This practice has been happening since ages.Earlier also European countries could only able to rise at the expenses of Asian and African countries.Less developed countries are exploited,this was mentioned in Lenin's theory of imperialism.
Example - Countries like Angola, Equador exporting their oil resources to nations like USA . Although these nations have huge deposits of crude oil ,but due to lack of technology , corruption they are bound to export their resources and in return they are also not paid appropriately. But according to fair trade practices ,it is being said that because they are not able to take out the proper utilisation of their natural resources ,they are exporting to other nations are being paid by those rich countries.