Thursday, November 10, 2011

Proof of a truly global economy

A region that has grown real fast in the past centuries due to colonies feeding the economies more than resources available within the region itself, viz. Europe, is now coming to terms with reality. Financial markets come crashing down showing a gloomy picture of the future. Hence now, they think that they'll eat lesser chocolate in the coming years.

Reduced demand means a drop in global Cocoa prices. This means that International Trade Houses which work on a small margin are forced to reduce prices being given to cooperatives and in effect, farmers.

Sawadogo Adama, a farmer in Mid-Westen Cote d'Ivoire, Africa, will not make as much money on his 2 hectare plantation as he would have, if Italy had done a good job in managing it's economy. And that, is a true proof of how much our lives are interlinked in an international global economy.

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