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.
The economy of Brazil is in the top ten largest economies along with the United States. It is the biggest in Latin America. Actually it is the seventh largest in the world. Brazil has used its newly found economic mechanism to syndicate its outcome in South America and show more of a role in the Global Businesses. The Obama Administration’s National Security Strategy recognizes Brazil as a developing center of effect, and greets the management of the country’s joint and global issues. The United States and Brazil associations mostly have been good in the recent years. But Brazil has other strengthening relations with neighboring countries and expanding ties with nontraditional partners in the South that’s developing.
1. Coffee is one of the most common breakfast items found on any table in the morning and now sold all throughout the day. Coffee is grown and exported from places like Columbia and the Asian Pacific, to anywhere like Hawaii and the biggest producer, Brazil. 1/3 of the world 's coffee supply comes from Brazil, because of the nations tropical climate it is able to grow coffee very easily and plentiful. Brazil had many other types of climates but the hot and tropical one is great for the production of coffee.
On a map, the top of South America is where the country of Colombia resides. Colombia meets the Caribbean Sea on one side, along with Panama and Venezuela, while the other side meets the northern Pacific Ocean, between Ecuador and Panama. Colombia may only cover about one percent of the world’s real estate but it possess nearly 10 percent of the world’s flora and fauna (PBS WEBSITE). Colombia's biggest exports are petroleum, coffee, coal, apparel, bananas and cut
insights which have been neglected by the later literature of new growth theory and new trade
Colombia is the fourth largest country in South America in terms of land mass. It is the third most populous country in Latin America with a population of almost 44,000,000 people. According to World Population Review, the population is projected to experience and sustain growth rate of 1.29 per
Nowadays, when someone thinks of Colombia, they unfortunately almost always think of two things, coffee and cocaine (with its associated guerilla warfare). It is true that during the last 50 years these two products, one legal, and the other not, have been great monetary contributors to the Colombian economy. Coffee is Colombia’s principal agricultural product, and it is also the country’s second largest export. The production of coffee uses 300,000 farms and employs almost one million people (Steiner 6). Conversely, cocaine is a completely illegal product, but it earns almost twice as much money as coffee (Steiner 6). Also, in contrast with the production of coffee, cocaine uses fewer employees but earns
Colombia is the leading exporter of petroleum, coffee, coal, apparel, bananas, and cut flowers. It is rich in minerals and energy. It is the lead producer of emeralds and is the second largest producer of platinum and gold in South America. Colombia is also the World’s largest producer of cocaine. Colombia produced many emeralds. They believed that the gemstones contained special powers such as healing, making one smarter, revealing the truth, and the power to block spells. Colombia is
Finally, global economic issues have an immense influence on the world of coffee. Throughout history there has been a pattern that coffee producing countries are economically worse off than those that are consuming the coffee. Pendergrast mentions that “in 1950 the average income in consuming countries was three times that of coffee-growing nations. By the late 1960s it was five times great” (270). With that said, many producing coffee countries were facing endemics and malnourished peoples because workers were receiving absurdly low wages thus placing them into poverty and human suffering (271). Specifically, although 90 percent of El Salvador’s exports consisted of coffee in the 1930s, they agonized from “‘low wages, incredible filth…[under] conditions in fact not far removed from slavery’” (168). Global economic issues of these producing countries lead to dictators easily gaining power such as those in Guatemala, Nicaragua, and Honduras (170). Not only was politics a matter that resulted from global economic issues, “the high interest rates from financial institutions and price [squeezes]” lead to the economic struggle of farmers like those from Colombia due to
Colombia is well known for its resources and one of them is coffee. In fact, Colombia coffee is regarded as one of the best quality coffee around the world. Colombia has great growing conditions for coffee and they are currently second in global production. The exact origin of the coffee is unknown but many think that it arrived with Jesuit priests around the 17th century. The first shipment of Colombian coffee was to the United States and it was around 1835 carrying 2500 pounds. However, coffee production faces problems due to soil and water contamination due to pesticide uses.
There’s not clear information about how coffee arrived in Colombia. The historic archive says that the Jesuits brought the seeds around 1730. The tradition says that the seeds arrived threw the east of the country, and the harvest where registries in Giron, Santander and Muzo, Boyacá. In 1835 the first commercial production produced 2560 bags and they were exported from Cucuta’s custom. Then the coffee extended to the center and west of the country in the departments of Cundinamarca, Antioquia and the zone of old Caldas. The consolidation of coffee as a product for exportation was from the second half of XIX century. The great expansion of the world economy in that period made that the Colombian peasants find an attractive opportunities in the International market. Between the end of 70s of the XIX century and the start of the XX century the annual production of coffee passed from 60.000 bags to 600.000 bags, this was made in the main big farms of the departments of Santander and Cundinamarca, having at the end of XIX century, 80 percent of the total coffee national production. There was a decline in the international prices in the first years of the XX century; this made a big change in the Colombian coffee cultivation. It can be concluded that in the period between
Fair Trade Coffee Fair Trade promotes socially and environmentally sustainable techniques and long-term relationships between producers, traders and consumers The world coffee industry is in crisis. A flood of cheap, lower-quality coffee beans have pushed world market prices down to a 30-year low. Many now earn less for their crop than it cost them to grow. Many coffee farmers around the world receive market payments that are lower than the costs of production, forcing them into a cycle of poverty and debtWithout urgent action, 25 million coffee growers' face ruin.
Worldwide, approximately 1.3 billion people do not have access to affordable and efficient healthcare and out of those who have access, almost 170 million are forced to spend around 40 % of their income on medical treatment (Asante et al,2016).In low and middle income countries (LMICs), the major constraint to the access of healthcare is financial burden, where out-of-pocket payments (OPP) contribute to approximately 50 % of total health expenditure (WHO, 2010). As a result, in these countries there is high probability of many households being pushed into poverty due to high medical expenses (McIntyre,2006).The matter of concern in LMICS is that poor and disadvantaged groups of population do not have access to adequate quality of healthcare.For instance, according to WHO (2010) up to 20 % of women in rich population are more likely to have a birth attended by skilled health worker than a poor woman. Therefore, taking an action to address health inequities faced in these countries would save up to 700,000 women.
Poverty in Developing and Less Developed Countries The world includes less developed countries and developing countries. Less developed countries are countries considered to be poor and often contain many people who are in absolute poverty. Developing countries are countries like India, which are gaining in wealth. There are two types of poverty within the world.
Developing nations are filled with hope and aspirations of one day becoming a wealthy, dominating, and influential country. These nations can sometimes be unsafe, difficult to live in, and hard for workers to earn good compensation for their labor. On the other hand, living in a developed nation has many upsides. Developed nations are wealthy, which in turn have good infrastructure, labor and worker laws, and have less crime.
Every day countries around the world are faced with conflicts and problems due to undeveloped areas not having any companies to bring economic opportunities to the country. Having no economic or job openings can cause poverty. The Census Bureau reports poverty rates by work experience for people ages 18 to 64. In 2014, the overall poverty rate for people ages 18 to 64 was 14%. The poverty rates by work experience for that age group ranged from 3% to 34%. The development of countries relies heavily on whether or not business owners will bring their product to their state. When entrepreneurs do not start their company in an area with little economic or educational development, many people suffer health, educational and economic issues. Companies and citizens need to help the poor countries and the poor areas in the Untied States get what they deserve. Businesses and entrepreneurs need to start their companies in low income areas in order to increase opportunities for residents. The solution for the issue of underdevelopment can be solved by the help of others and that is what will solve this problem.