In recent years, scientists have noted the impacts of climate change on crops worldwide. As a result of rising temperatures and widespread drought, coffee crops in Vietnam are suffering. In Pakistan, the recent periods of intense rains and hailstorms have reduced the yields of wheat nationwide. Although there are many measures being taken to prevent further climate change, such as major corporations reducing their carbon dioxide output, global economic expansion is exacerbating the effects of climate change and is actually harming some industries.
globalEDGE Blog - By Tag: tanzania
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When commodity prices tumbled last year, economists worldwide forecasted a steep decrease in GDP growth for many African countries. For decades, the continent has been worryingly dependent on commodities to power economic growth. So when prices collapsed, economics would also theoretically nosedive. While this was true of some nations, others managed to weather the storm. The dichotomy is most illustrated by the stark differences between the Sub-Saharan and East African regions.
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A lot of activity has been taking place in Africa lately. The World Cup has been drawing constant attention to Africa, and recently five east African countries made history by forming a common market called The East African Community (EAC). Kenyan President Mwai Kibaki launched the EAC this week with Kenya, Tanzania, Rwanda, Burundi, and Uganda all agreeing to take part in the effort. This agreement will better allow people, products, and capital across borders, leading to improved trade and employment opportunities.