Global Economic Geographies 103 Assignment. Business & Marketing Essay (Essay Sample)
The course is Global Economic Geographies, so the topics can be choose between GDP, population, firms, resources, etc.source..
Coffee is one of the products that facilitated the globalization of trade or business transactions as it connected various countries through its processing chain even without the use of advanced information and communication technology that drives the current internationalization of economies around the globe. However, unstable market conditions resulting from price manipulations by corporate organizations and lack of an effective regulatory authority deems coffee production to be a costly endeavor to the producing countries. The locals of such nations continue to languish in poverty, illiteracy, and increased social disorder owing to the below minimum wages paid to the workers to sustain the production of the export commodity. Several factors contribute to the continuous devaluation of the important commodity at the expense of the producing countries. The film, Black Gold and the market mogul’s article, The economics of coffee, by Sam Courtney-Guy provide some of the underlying factors affecting the production of coffee in the developing world and its corresponding adverse impacts on the lives of the local farmers. The outlined sources further provide a focal basis upon which a correlation between their outcomes and the locational theories of production can be established.
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