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How has the Brazilian economy been affected by the decline in wrld coffee prices?
Member rating: No Rating | Words: | Submitted: Sat Aug 30 2003
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TITLE: How has the Brazilian economy been affected by the decline in wrld coffee prices? HYPOTHESIS: Based on the fact that previous to Brazil producing coffee, it had no single economic influence. This suggests that they rely heavily on the production and success of coffee, and therefore the current coffee crisis could only mean difficulties for their economy. FINDINGS: Coffee is the world's second most traded commodity (after oil). The coffee growing industry employs over 100 million people from over 60 developing countries. It best grows in areas like Arabia, India, Africa, the West Indies and South and Central America, with 60% of coffee output deriving from Latin America. Brazil's relationship with coffee can be traced back to the mid 1800s. In 1930 the Brazilian government first approached Nestlé (Nescafe) as they knew that Nestle were looking for a coffee producer to supply them for a new brand of coffee; 'Nescafe'. From then until...
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