'value added' in International Economics: IB Economics

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Scooped by Graham Watson

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From www.youtube.com - December 12, 2022 2:20 AM

Graham Watson's insight:

I could put this luxury good clip on the Microeconomic board, but this is more about the dangers of developing economies relying upon primary products.

Vanilla, is the second most expensive spice in the world, but farmers don't see very much of this - the price of vanilla is volatile, it's labour-intensive and much of the value added is claimed by firms further up the value chain.

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Kyla Perkinson's curator insight, June 28, 2019 12:43 PM

A a high schooler who pretty much relies on coffee, I found this video to be very interesting. It shows where our coffee comes from and how different geographic locations can change the taste of the coffee. The video highlights the importance of international trade and explains why it is important to trade from multiple regions and the risks associated with trading coffee beans.

Leanne's curator insight, July 2, 2019 7:17 AM

this will be useful for your second assignment

this is useful for P1 and M2

International Economics: IB Economics

Vanilla Is The 2nd Most Expensive Spice. So Why Do Madagascar's Farmers Live In Poverty?

Ghana Grows 1M Tons Of Cocoa. Why Does It See Only 2% Of Chocolate Profits? | Big Business

Price of gold: DRC’s rich soil bears few riches for its miners – photo essay | Global development | The Guardian

Yemen’s coffee farmers bid to win over baristas to their heritage beans | Global development | The Guardian

‘Like slave and master’: DRC miners toil for 30p an hour to fuel electric cars | Africa | The Guardian

Animated Map Shows Where Your Favorite Coffee Actually Comes From