Author Archives: Kanishk Chaudhari

Noticias

VENEZUELA BLAMES TRUMP AS IT NEARS POSSIBLE BANKRUPTCY UNDER MADURO

http://www.newsweek.com/venezuela-going-bankrupt-maduro-administration-blames-trump-debt-crisis-694250

Venezuela is one of the world’s largest exporters of oil and has the world’s largest proven oil reserves at an estimated 296.5 billion barrels (20% of global reserves) as of 2012.Venezuela is a founding member of the Organization of the Petroleum Exporting Countries (OPEC).

Being not able to pay its debt would heavily impact their market. Moreover the Venezuelan government is already going through a crisis. With a debt over billions it would be difficult for the already crippling Venezuelan administration. If  they decide to pay their debt instead they would end up making the citizen of the nation suffer. “But such payment in the coming days will come at the expense of money allotted to purchase food and other basic needs for the nation’s impoverished citizens.” as said in the article.

Blaming President Trump the Venezuelan President said “We are starting an era where the dictatorship of the ‘dollar boss’ will not be imposed and we’re ridding ourselves from this supposed threat of Trump,”.

Coffee and Latin America

http://e360.yale.edu/digest/latin-america-could-lose-up-to-90-percent-of-its-coffee-growing-land-by-2050.

Latin America Could Lose Up to 90 Percent of its Coffee-Growing Land by 2050

I chose to read this short article because it relates to a subject the intrigues me – Economics.

Latin American countries currently produce most of the coffee consumed worldwide, with Colombia and Brazil being the leading producers. Both Arabica and Robusta beans are produced throughout Latin America. Second, in total coffee production, Columbia in contrast to Brazil is known for its high-altitude coffee estates

Coffee is not just a drink. It’s a global commodity. As one of the world’s most traded products-second in value only to oil-the coffee industry employs millions of people around the world through its growing, processing and trading. But while the coffee trade is vital to the politics, survival and economies of many nations in Latin America.

As a note I would like to add that coffee accounts for nearly half of the total net exports from tropical countries and is representative of the economic and agricultural issues that  latin  countries face today. There was a crisis once in 2001, coffee prices had fallen to their lowest levels ever, totaling less than one third of their 1960 levels. This fall in prices has impacted more than 25 million households in coffee-producing countries and has undermined the economic sustainability of countries in Latin America, Asia and Africa.

If just the fall in price could have such a great effect , what would the effect be on the economy of Latin America when they won’t be able to produce a product that was a source of the daily livelihood of millions of people?

Hola!

Hello! I am Kanishk and I am from India. I like to try new things, I tend to cultivate new hobbies and understand different stuff around me. I don’t read much but history has always enticed me!  learning about the past has its own charm. Latin America has witnessed a innumerable events since the prehistoric era. I came to know about the college of Wooster when my guidance counsellor told me to apply here and the IS is one thing that pulled me here. my biggest goal is to try as many things as possible and make new friends away from home.