International Economics: IB Economics
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International Economics: IB Economics
A collection of articles relating to the 'international' elements of Economics and relating to IB, Pre-U and A-Level Economics.
Curated by Graham Watson
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Liberia's miracle oil brings farmers only empty promises | Global development | The Guardian

Liberia's miracle oil brings farmers only empty promises | Global development | The Guardian | International Economics: IB Economics | Scoop.it
Palm plantations are fuelling a booming international trade but the people who live on its edges feel forgotten
Graham Watson's insight:

This is a fantastic Guardian exploration of the impact of palm oil on the Liberian economy, and those that produce it. It highlights the 'promise' of higher incomes for Liberian farmers and the reality of the impact. 

 

In short, the ordinary farmer hasn't seen much in the way of benefit but the large agrobusinesses who have acquired land have done. There's lots to look at: property rights, sustainable growth, the inequalities of trade and so on. It's a microcosm of the practicalities of development for the world's poorest. 

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Resilience Rising: From Crisis Response to Recovery

Resilience Rising: From Crisis Response to Recovery” tells the story of how Guinea, Liberia and Sierra Leone, affected first by conflict and then by the Ebola virus disease, overcame the crisis’ and is now strengthening the resilience of the region’s economy and social sectors by investing in people and effective systems.

Graham Watson's insight:

The World Bank clip looks at how developing resilience in your economy is an essential part of overcoming shocks. In this case, Guinea, Liberia and Sierra Leone are recovering from civil war and the aftermath of the Ebola virus.

 

Both these things have adverse consequences for productivity capacity and potential growth, and ensuring resilience should help make growth more inclusive. 

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