The major coffee producing regions of Colombia witnessed a rise in average temperature by one degree centigrade and a 25% rise in annual average rainfall. Both of these are beyond the normal suitable condition for coffee cultivation. …
Download file to see previous pages...
The decline in Colombian coffee production can be well grasped from the statistics that in the year 2006 the country produced more than 12 million pound bags of coffee and was optimistic to take this number to more than 17 million by 2014. However the catastrophe that has been illustrated so far has restricted the Colombian coffee production at nine million pounds bags in the year 2010. This displays a decline instead of much expected rise. Research has been going on to form a suitable Arabic coffee variant with indigenous qualities of Colombia that would be more resistant to pests and would be able to flourish even amidst heavy rain, however the final outcome is yet to be found. Courting this deadline in supply on one hand and rise in global demand for coffee on the other; price of the same is on a rise. The retail price of coffee coming from famous brands has risen by 25% and the figure in futures market is even higher at 85%.
The consequences for the Colombian coffee and the eventual impact on global coffee market from the same are following a simple logic. First of all global warming and erratic climatic condition are mostly due to anthropocentric activities over hundred of years; especially after the industrial revolution. Secondly the decline in supply and rise in demand for the coffee (following an improvement of economic status of the population of the countries like India and China) has quite obviously resulted in a price rise in short run (excess demand). Again the scenario hovering global warming and the global climatic condition does not seem too bright in future; hence little hope is there that the production of coffee will be blessed with environmental favour once again in near future resulting in higher supply for the same.
...Download file to see next pagesRead More
Cite this document
(“Microeconomics Current events Assignment Example | Topics and Well Written Essays - 500 words”, n.d.)
Retrieved from https://studentshare.org/other/1420578-microeconomics-current-events
(Microeconomics Current Events Assignment Example | Topics and Well Written Essays - 500 Words)
“Microeconomics Current Events Assignment Example | Topics and Well Written Essays - 500 Words”, n.d. https://studentshare.org/other/1420578-microeconomics-current-events.
The fiscal compact, which is the name of the accord with the budget discipline rules, also seeks to bring a closer economic and political integration of the Euro Zone. The article further cites the Czech Republic and Britain as the only non-signatories of the treaty claiming that the move is triggering different concerns over a possible rift in the twenty-seven member European Union (Steinhauser).
The specific macroeconomic issue discussed in this paper is recession and its impact on the regional and global economy. Recession has threatened initially the fiscal viability of the so-called PIIGS countries of Europe or Portugal, Italy, Ireland, Greece and Spain but the crisis has spread to the other European members as well.
The emergence of the USA as a superpower after the end of the Second World War led to the USA being an important state in the maintenance of world peace in the world. Furthermore, USA’s huge economic capabilities pushed by its hardworking, innovative and enterprising people, as well as its advocating for democratic rules around the world led to its popularity, both positive and negative among different countries’ leaders around the world.
This paper mainly focuses on thorough reviewing of the recent major microeconomic tendencies in the US economy. Microeconomic events primarily relate with the patterns of decision making by individual consumers and firms and organizations, in terms of the manner in which products and services are to be consumed or produced.
These peace talks were proposed by the US government through Secretary of State John Kerry and involve peace negotiators from both Israel and Palestinians (Reed, 2013). They are the first direct talks since 2010, and they began with Israel releasing twenty-six prisoners to set the stage for renewed talks.
Both of these features were discussed in the Nixon Doctrine i.e. a presidential doctrine by the current president of that time, President Richard Nixon. The word doctrine here means a statement of official government policy, especially in external affairs and military strategy.
One should be able to understand that as far as ethics is taught at institutions of higher learning, its application within a company perspective is dependent on the company’s leadership. Being employed at one point I find that leadership affects ethics in two ways. One
The powers from the Eastern bloc included the United States with North Atlantic Treaty Organization (NATO) and powers from the Western Bloc included Warsaw Pact and the Soviet Union. The war was called ‘cold’ because the individuals did not fight
In October 2013, the health care insurance marketplace was launched. Unfortunately, it encountered technical problems that helped stoke the criticisms of the new health care policy. The magnitude of the failure was highlighted
Another set of laws outlined by Zimring includes restricting dangerous users from accessing firearms. The purpose of such laws is to ensure that fire arms do not fall in the hands of dangerous individuals such as youth,
2 Pages(500 words)Assignment
GOT A TRICKY QUESTION? RECEIVE AN ANSWER FROM STUDENTS LIKE YOU!
Let us find you another Assignment on topic Microeconomics Current events for FREE!