CP115_MT_wk4

CP115_MT_wk4 - Week 4 Global Trade Agriculture and Poverty...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Week 4: Global Trade, Agriculture, and Poverty 1. What is the story about coffee that Black Gold tells? How can these global commodity chains be improved? The story of Black Gold demonstrates the unfair conditions under which coffee is produced and sold around the world. It recounts where the two billion cups of coffee consumed each day come from the coffee farmers who produce the beans. In particular, It recounts Tadesse Meskela as he fights to get a living wage for the 70,000 Ethiopian coffee farmers he represents. In the process Black Gold also introces the “Fair Trade” movement and how this is a solution to the disparate global coffee chain supply. After oil, coffee is the most actively traded commodity in the world with $80 billion dollars in retail sales. But farmers make as little as three cents for every cup of coffee sold in the U.S. or Europe. Most of the rest of the money goes to the middlemen, especially the four giant food conglomerates which control the coffee market. Black Gold sits in on the coffee auctions in Addis Ababa, London and New York where the fate of the coffee growing nations is decided. In Ethiopia, for example, 15,000,000 people are dependent on the coffee industry; 67% of its foreign trade is in coffee. Between 2001 and 2003, when the price for coffee hit a 30 year low, farmers could no longer feed themselves, famine spread and feeding stations had to be established throughout the coffee region. School teachers went unpaid and many farmers, in desperation, tore out their coffee trees and replanted their hillsides in chat, a narcotic widely used in East Africa. Black Gold explains how international commodities markets are rigged against the nations of the global South. Developed countries like the U.S. subsidize agricultural products, flooding the market with low-priced goods, while demanding that poor
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

Page1 / 3

CP115_MT_wk4 - Week 4 Global Trade Agriculture and Poverty...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online