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Scoop.it!
The UK’s Cornwall county is seeing a mining revival that could play a key role in Britain’s shift to clean energy. 
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Cargo aircraft are being rushed into service amid a worldwide shortage in shipping capacity.
Graham Watson's insight:
I'm putting this here - it could easily be a Microeconomic 'scoop' but it touches upon the fragility of the global supply chain, as well as D&S and the notion of derived demand. The shortage of shipping capacity has forced firms to seek alternative transport solutions, such as air freight. It's more expensive - but currently more reliable, it would seem.
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One of world’s biggest fertiliser producers calls for action as high gas prices force it to slash production
Graham Watson's insight:
You want an example of the law of unintended consequences. Here you go.
High gas prices could adversely affect fertiliser production, and this could cause a famine in some of the world's most vulnerable developing economies. Not a particularly pleasant example, but a good one nonetheless.
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A body representing 290 airlines warns it will be 2024 before air traffic reaches pre-pandemic levels.
Graham Watson's insight:
The extent of the aviation sector laid bare, with the International Air Traffic Association predicting a 66% decline in air traffic in 2020, and it taking until at least 2024 for the sector to fully recover.
You might start thinking about two things: the possible multiplier effects of this, and a shrinking tourism sector, and, the derived demand for labour.
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The cost of growing cucumber climbs in the UK as energy prices soar.
Graham Watson's insight:
A lovely example of derived demand, and basic D&S too. The demand for energy to heat polytunnels and help produce cucumbers in South East is a good example of a derived demand.
And given the increased price of energy, this is going to impact on cucumber farmers, not least because it will also see the price of fertiliser also increase. Both of which are going to have adverse implications for the price of cucumbers.
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Congolese workers describe a system of abuse, precarious employment and paltry wages – all to power the green vehicle revolution
Graham Watson's insight:
Lots to ponder here - the global supply chain, derived demand, value added, electric cars and so on. However, I read the article as a human being first and economist second.
The fact of the matter is that workers in the Democratic Republic of the Congo are working in unsatisfactory conditions for low pay; however, we shouldn't be surprised by this, given the level of development and the fact that health and safety legislation is a luxury good.
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The brewing giant said 2020 had been a year of "unprecedented disruption".
Graham Watson's insight:
Proof that the global hospitality sector has been adversely affected by the coronavirus pandemic. One of the world's largest brewers, Heineken, has announced 8,000 job losses - as a result of lower sales.
Anyone for derived demand?
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This article shows the complex nature of international economics - deteriorating US-China relations - and increased emphasis on clean energy has seen increased demand for Cornish resources such as tin, copper, and lithium. It highlights derived demand as well as the unintended consequences of geopolitics.