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Economics Of Less Developed Countries

Good Essays

Patrick Hughes

Prof. Lazonick

Economics of Less Developed Countries

December 12, 2015

Final Research Paper

When you go to use your Keurig machine in the morning, chances are that you have some pods filled with grounds that were grown in Colombia. Their highly coveted coffee bean is sought after by coffee enthusiasts and in turn the work force is willingly to harvest and process the bean. Next to Brazil and Vietnam, Colombia is the third highest producer of coffee in the world. Since this commodity is popular, Colombia takes advantage of the global commodity and its demand for what they have to sell. We also are going to take on the county of Vietnam Both and Brazil are the top profomers in. As of 2014, Columbia is the third highest producer of coffee only matched by Vietnam and Brazil at #1.
Columbia is on their way to being a fully developed country despite the social ills of their society mainly being drug trade. Being in South America the climate is ideal for the cultivation of crops as exports This climate, however is starting to have negative effects on the cultivation of the crop as temperatures have risen and precipitation is threatening the delicate soil needed to harvest the bean. Some other commodities produced in Columbia are petroleum, coal, emeralds, coffee, nickel, cut flowers, bananas, and apparel. I hope to tie my entire research back into the concept of fair trade. This provides livable wages to workers/ farmers of the crop at a fair price per lb.

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