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China, historically a tea-drinking nation, is now the fourth-largest market for ready-to-drink coffee. With convenience being the driving factor, instant coffee has seen a seven to ten percent annual expansion in the past decade. Discover the origins and evolution of instant coffee, from the first powdered drink in 1771 to the rise of Nestle's Nescafe and Starbucks' VIA. Learn about the key players and innovations that have paved the way for the mainstreaming of coffee connoisseurship.
Did you know that over 1.7 million people benefit from Fairtrade certifications? Did you know that over 26% of the world's population depends on agriculture for their livelihoods? Unfortunately, small-scale farmers often face numerous challenges, such as low prices, climate change, and unfair trade practices, that hinder their ability to make a decent living. However, Fairtrade and other sustainability certifications can make a significant difference by ensuring that farmers receive fair prices, access to markets, and support to improve their social, economic, and environmental conditions. Fairtrade is a certification that requires companies to pay a fair price for products, support sustainable practices, and provide social and environmental benefits to farmers and workers. For instance, fairtrade coffee farmers in Colombia have used the premiums they receive to build schools, clinics, and clean water systems. Fairtrade also ensures that workers have safe and fair working conditions and bans child labour and discrimination. Other sustainability certifications, such as Rainforest Alliance, UTZ, and Organic, also promote sustainable farming practices, such as conserving biodiversity, reducing chemical use, and minimizing waste. These certifications also provide traceability and transparency to help consumers make informed choices and support ethical and sustainable production. Leading academics in the field, such as Dr. Ndongo Sylla, have argued that Fairtrade can empower farmers and strengthen their bargaining power in the global market. Other researchers, such as Dr. Sarah Lyon, have highlighted the challenges and limitations of Fairtrade and suggested that it may not be a cure-all for all problems faced by small-scale farmers. By exploring Fairtrade and other sustainability certifications, you can learn about how individuals and organizations can promote social and environmental justice and create a more sustainable and equitable world.
Discover how food has been shaping the course of human history and evolution. From the invention of farming to the paradox of plenty, food has been at the forefront of human progress. From early agrarian societies to the use of spices, food has played a significant role in the formation of civilizations, international trade, and even wars.
The economics of biodiversity review urges the inclusion of nature in accounting systems and decision-making. It highlights humanity's mismanagement of our most precious asset and the need to rebalance our demands with nature's capacity. The review argues that GDP is no longer fit for purpose and calls for the reconstruction of economics to include nature. The pandemic is a warning of what can happen if we continue to encroach on natural habitats. Urgent and transformative action is needed to ensure our demands on nature do not exceed its sustainable supply.
The rise of the sharing economy has revolutionized the way we live, work and play. From car sharing and home sharing to peer-to-peer lending and crowdfunding, the power of peer-to-peer exchange has disrupted traditional industries, challenged existing regulations, and transformed our understanding of ownership, trust, and community. But what exactly is peer-to-peer economy, and what are the opportunities and challenges it presents for students interested in exploring this cutting-edge academic topic? Peer-to-peer economy refers to a decentralized and networked system of exchange that allows individuals to share, borrow, rent, or sell goods and services directly with each other, often facilitated by online platforms and apps. The key features of peer-to-peer economy are its peer-to-peer nature, its disintermediation of middlemen, its emphasis on trust and reputation, and its potential for collaborative consumption, innovation, and empowerment. The opportunities of peer-to-peer economy are manifold. For example, it can democratize access to resources, reduce waste and carbon footprint, promote social cohesion and inclusivity, and foster entrepreneurship and creativity. According to a report by PwC, the global sharing economy is projected to grow from $15 billion in 2013 to $335 billion in 2025, with sectors such as transportation, accommodation, and finance leading the way. However, the challenges of peer-to-peer economy should not be overlooked. These include issues of regulation, taxation, liability, safety, privacy, and labor rights, as well as the potential for digital divides, fraud, discrimination, and exploitation. Moreover, the impact of peer-to-peer economy on social norms, cultural values, and the common good is still under debate and scrutiny. In conclusion, the peer-to-peer economy is a fascinating and dynamic topic that offers students a wealth of opportunities and challenges to explore. By reading, reflecting, writing, and engaging in self-directed projects, students can gain a deeper understanding of this transformative phenomenon and its implications for the future of work, consumption, and society. So why not take the leap and start your journey of discovery today? The peer-to-peer economy is waiting for you!
Andrew Ross Sorkin's "Too Big to Fail" is a gripping account of the financial crisis that shook the world economy to its core. With unprecedented access to the key players involved, Sorkin takes us behind the scenes of secret meetings in South Korea, the corridors of Washington, and the corner office at Lehman Brothers. The book is a real-life thriller, revealing never-disclosed details and the decisions made on Wall Street that sowed the seeds of the debacle. This is a must-read for anyone interested in the world of finance, politics, and the fate of the global economy. Recommended for finance enthusiasts, political science students, and anyone interested in understanding the causes and consequences of the 2008 financial crisis. This book provides a moment-by-moment account of how the crisis developed into a global tsunami, with unprecedented access to the key players involved. It sheds light on the decisions made on Wall Street that led to the collapse of Lehman Brothers and the subsequent bailout of the world's biggest banks. Anyone looking to gain insights into the workings of the finance industry and the role of politics in shaping the global economy will find this book a fascinating read.
Have you ever wondered why some CEOs earn hundreds of times more than their employees? In recent years, the topic of excessive CEO compensation has gained widespread attention and sparked intense debate. While some argue that CEOs deserve high pay for their leadership and contributions to their companies' success, others believe that such compensation is unjustified and contributes to economic inequality. In this write-up, we will explore the justifications for and advances in the area of excessive CEO compensation, and discuss the impact it has on the economy and society at large. One common argument in favor of excessive CEO compensation is that it serves as an incentive for CEOs to work harder and make better decisions. Supporters of this view believe that the promise of a large salary and bonuses motivates CEOs to maximize their companies' profits and shareholder value. However, critics argue that this argument is flawed, as there is little evidence to suggest that higher pay leads to better performance. In fact, some studies have found that excessive CEO compensation can lead to short-term thinking, risk-taking, and unethical behavior. In recent years, there have been several advances in the area of excessive CEO compensation. One significant development is the increased attention and scrutiny placed on CEO pay by shareholders, activists, and the media. This has led to a greater focus on the link between CEO pay and company performance, as well as the need for greater transparency and accountability in executive compensation. Another development is the rise of shareholder activism, in which investors use their power to influence companies' decisions on CEO pay and other issues. To fully understand the topic of excessive CEO compensation, it is important to be familiar with certain academic terms and concepts. One such term is "pay ratio," which refers to the ratio of CEO pay to median employee pay. Another important concept is "stock options," which are a form of executive compensation that gives CEOs the right to buy company stock at a set price. Additionally, "agency theory" is a key concept that is used to explain and resolve issues in the relationship between CEOs and their companies' shareholders. Several leading academics have made significant contributions to the study of excessive CEO compensation. One of these scholars is Lucian Bebchuk, a professor at Harvard Law School who has written extensively on the topic. Bebchuk argues that excessive CEO pay can lead to a misalignment of interests between executives and shareholders, and calls for reforms to address this issue. Another important academic in this area is Steven N. Kaplan, a professor at the University of Chicago Booth School of Business. Kaplan's research focuses on the link between CEO pay and company performance, and he has found that the relationship between the two is more complex than previously thought. Excessive CEO compensation is a complex and controversial topic that has significant implications for the economy and society.
Coffee is a daily ritual for millions, but did you know that it can also serve as a model for sustainability? Enter the circular economy, a concept that has been gaining traction in recent years as a solution to the linear "take-make-dispose" approach to resource use. In a circular economy, resources are kept in use for as long as possible, creating a closed-loop system that minimizes waste and maximizes value. So, how does this apply to coffee? Let's start with the production process. Coffee is grown in over 60 countries, mostly in the Global South, and is often farmed in ways that are harmful to the environment and the people who cultivate it. However, some coffee companies are embracing the circular economy by adopting regenerative agriculture practices, which involve building soil health, conserving water, and promoting biodiversity. This approach not only benefits the planet but also improves the quality of the coffee itself. But the circular economy goes beyond just sustainable farming practices. Coffee waste, such as used grounds and pulp, can be repurposed into many things from fertilizer to furniture. And when it comes to packaging, some companies are experimenting with innovative solutions, such as reusable cups and biodegradable materials. Academic experts are at the forefront of this movement, with scholars like Walter Stahel and Ellen MacArthur advocating for a more circular approach to resource usage. Stahel, a Swiss economist, is widely credited with coining the term "circular economy" and has written extensively on the topic. MacArthur, a former professional sailor, founded the Ellen MacArthur Foundation, a non-profit dedicated to accelerating the transition to a circular economy. Remember, the circular economy is not just about coffee - it's a framework that can be applied to any industry or resource. By exploring this topic, you'll gain a deeper understanding of how we can create a more sustainable and equitable world.
Do you want to make a difference in the world and help create positive social change? Social impact investing might be the career for you! This field is all about investing money in organizations that aim to create social and environmental impact alongside financial returns. It’s an exciting and meaningful field with a growing impact on our society and the world we live in. As a social impact investor, you’ll be part of a movement that is transforming traditional finance by investing in ventures that align with social and environmental values. Your work can span a wide range of industries, from renewable energy and affordable housing to health care and education. For example, you could help fund a community health center or a microfinance organization that supports small business owners in developing countries. The potential areas of specialization in social impact investing are diverse and can vary depending on the specific mission of the organization. Some impact investors focus on specific sectors or industries, while others work on global issues like climate change and poverty alleviation. Some even work to create impact investing policies and frameworks, shaping the industry as a whole. Typically, a degree in finance, economics, business or a related field is required for this career. Many universities offer specialized undergraduate programs in impact investing, such as the Sustainable Finance and Impact Investing program at NYU or the Sustainable Business and Social Impact program at the University of Michigan. Additionally, many MBA programs now offer courses in social impact investing. Helpful personal attributes for a career in social impact investing include a passion for social justice, strong analytical skills, and an entrepreneurial spirit. You should also have excellent communication and interpersonal skills, as you’ll be working closely with a wide range of stakeholders, including investors, social entrepreneurs, and nonprofit organizations. Job prospects in social impact investing are very promising, with many public and private sector organizations looking to hire impact investing professionals. Notable employers in this field include Acumen, Bridges Fund Management, Blue Haven Initiative, and Omidyar Network. Additionally, many large financial institutions, such as Goldman Sachs, are developing impact investing divisions.
Are you passionate about food and its impact on society? Do you want to make a difference in the world by helping to shape policies that affect what we eat and how it is produced? Then a career in Food Policy Analysis might be the perfect fit for you! Food Policy Analysis is a fascinating field that combines science, politics, and economics to address some of the most pressing issues of our time. As a Food Policy Analyst, you will work to develop and implement policies that promote healthy, sustainable, and equitable food systems. This could involve anything from researching the impact of agricultural practices on the environment, to advocating for food safety regulations, to analyzing the economic viability of different food production methods. One of the most appealing aspects of this field is the variety of roles that are available. You could work for a government agency, a non-profit organization, a research institution, or a private company. You could specialize in areas such as food security, nutrition, animal welfare, or environmental sustainability. And you could work on issues that affect local communities, entire countries, or even the world at large. To become a Food Policy Analyst, you will typically need at least a bachelor's degree in a related field such as agriculture, economics, public policy, or environmental studies. Many universities offer specialized programs in Food Policy Analysis, such as the one at Tufts University in Boston, which is widely regarded as one of the best in the world. In addition to formal education, there are certain personal attributes that can be helpful in this field. These include strong analytical skills, excellent communication abilities, a passion for social justice, and a willingness to work collaboratively with diverse stakeholders. The job prospects for Food Policy Analysts are quite promising, as there is a growing demand for professionals who can help address the complex challenges facing our global food system. Some notable employers in this field include the World Health Organization, the United Nations Food and Agriculture Organization, the Natural Resources Defense Council, and the Environmental Defense Fund. So if you're looking for a career that combines your love of food with your desire to make a positive impact on the world, consider exploring the exciting and rewarding field of Food Policy Analysis!
The Imperial College Business School conducted a study that reveals the wealth gap in the US has grown faster than in Europe, and the primary cause of this phenomenon is the significant increases in stock market prices. The research aims to explore the reasons behind the growing wealth inequality in the US and identify the necessary actions to address it.
Enter the mind of Adam Smith, the father of modern economics, and explore his magnum opus, 'The Wealth of Nations'. This classic work, considered the first modern work of economics, delves into the nature and causes of wealth in society. Smith's insights on political economy and moral philosophy continue to shape economic thought today. With an unabridged and illustrated eBook report, readers can navigate through Smith's complex ideas with ease. Discover the antidote to superstition and enthusiasm with 'The Wealth of Nations'." Recommended for students of economics, political science, and philosophy, as well as anyone interested in the history of economic thought. This book provides a foundational understanding of modern economics and the role of government in shaping economic policy. Additionally, those interested in the intersection of morality and economics will find Smith's insights on the subject thought-provoking. The book is also valuable for professionals in the fields of finance and business, as it offers a historical perspective on the evolution of economic systems. Overall, 'The Wealth of Nations' is a must-read for anyone seeking to deepen their understanding of economics and its impact on society.
Before fast food and TV dinners, there were oranges. Discover how two brothers turned a failed theater into a successful food stand, paving the way for the fast food industry. Learn about the challenges they faced during the Depression and their vision for the future of fast food.
The Business Blockchain by William Mougayar is a must-read for anyone interested in understanding the potential of blockchain technology. This book goes beyond the basics of what a blockchain is and explores the polymorphic characteristics of this revolutionary technology, which will enable frictionless value exchange and redefine relationships, power, and governance. Mougayar, a blockchain industry insider, draws on his extensive experience to describe a future influenced by blockchain technology as the catalyst for change. The Business Blockchain is an invitation to explore the many facets of blockchain technology and learn how to think about its potential. Recommended for entrepreneurs, investors, technologists, and business-minded individuals, The Business Blockchain provides a comprehensive understanding of the potential of blockchain technology. This book is relevant to a wide range of fields of studies, including computer science, economics, finance, and law. It is also useful for professionals in various industries, such as banking, insurance, healthcare, and supply chain management, who are interested in exploring the transformative potential of blockchain technology. Finally, this book is relevant to anyone interested in understanding the future of trust, value exchange, and governance in a decentralized world.
The topics of securitisation and the global financial crisis are not just about numbers, facts, and statistics, but also about human failure, greed, and risk. It's a tale of how a small spark in the world of finance led to a massive explosion that shook the global economy to its core. Let's start with the basics. Securitisation is the process of pooling together various financial assets and then selling securities backed by those assets to investors. The idea behind securitisation was to spread the risk of default among many different investors and make the financial system more stable. However, the reality was far from what was promised. The global financial crisis of 2008 was triggered by the collapse of the housing market, which had been the backbone of the securitisation industry. The crisis was caused by the failure of the rating agencies, who were supposed to assess the risk associated with securities, but instead, gave high ratings to securities backed by risky loans. Ever heard of the term NINJA loans? No Income, No Job, No Assets - these were the types of loans that were being securitised and sold to investors. The financial industry was full of these loans, and the ratings agencies were happy to give high ratings to these securities, leading to the financial crisis. Leading academics such as Raghuram Rajan and Joseph Stiglitz have made significant contributions to the field of securitisation and the global financial crisis. Rajan highlighted the dangers of the financial system's reliance on securitisation, while Stiglitz criticised the rating agencies for their role in the crisis. We hope this write-up has inspired you to dive deeper into the world of securitisation and the global financial crisis. It's a fascinating topic with real-life examples and lessons to be learned. So, grab a book, turn on a documentary, or start a project, and let your imagination take you on a journey to a world of risk, failure, and exploration.
"The Lean Farm" is a must-read for anyone interested in sustainable farming practices. Author Ben Hartman's systems-based approach, inspired by the lean principles of the Japanese automotive industry, offers practical solutions for reducing waste and increasing profits on small-scale farms. Hartman's own experiences running a one-acre community-supported farm in Indiana provide relatable examples for farmers looking to incorporate lean practices in every step of their production chain. This book is a game-changer for those seeking to work smarter, not harder, in the pursuit of environmentally and economically sustainable farming. Recommended for aspiring farmers, environmentalists, and business students alike, "The Lean Farm" offers valuable insights into the intersection of agriculture and business. Hartman's lean approach to farming is applicable to farms and businesses of all sizes, making this book relevant to anyone interested in reducing waste and increasing efficiency. The principles outlined in this book can be applied to a range of fields, from food production to manufacturing. Hartman's emphasis on sustainability and community-supported agriculture also makes this book a great resource for those interested in environmental causes and local food movements.
Technology has been a driving force in shaping our world and shaping the future. With the advancement of technology, come new challenges and opportunities. One such challenge is the taxation of technology. Did you know that technology companies are among the largest tax evaders in the world? According to a study by the European Commission, the top 30 tech companies in the EU pay an effective tax rate of just 9.5%, compared to the average 23.2% for other companies. This raises questions about the fairness and sustainability of our tax systems in the digital age. Leading academics in the field, such as Gabriel Zucman and Matthew Kirshner, have proposed solutions such as a global minimum tax rate for multinational companies and a tax on digital revenues. They argue that such measures are necessary to ensure that technology companies pay their fair share and to fund public goods, such as education and infrastructure, that are essential for technological progress. But what are the potential consequences of such measures? Some experts, such as Alex Cobham, warn that a global minimum tax rate could lead to a race to the bottom, as countries compete to lower their tax rates to attract investment. Others, such as Dhammika Dharmapala, argue that a tax on digital revenues could hurt innovation and stifle competition. As young academics, it is important to explore these issues and to think critically about the role of technology and taxes in shaping our future. By exploring these themes and developing your critical thinking skills, you can become informed citizens and active participants in shaping the future of technology and taxes.
Economics is the study of how societies allocate resources, and it's a fascinating field that can lead to a wide variety of career paths. If you're interested in understanding how the world works, and how money and resources are distributed, then a career in economics might be perfect for you! As an economist, you'll be responsible for analyzing data, making predictions, and advising businesses, governments, and other organizations on how to make the best use of their resources. You'll use your analytical skills to identify trends and patterns, and your communication skills to explain your findings to others. One of the most appealing aspects of a career in economics is the wide range of potential specializations. You might focus on macroeconomics, studying the overall performance of national or global economies. Or you might specialize in microeconomics, analyzing the behavior of individual consumers and businesses. Other areas of specialization include international economics, environmental economics, and health economics. To become an economist, you'll need at least a bachelor's degree in economics or a related field. Popular undergraduate programs include economics, finance, and business administration. Many economists also go on to earn advanced degrees, such as a master's or doctorate in economics. In addition to a strong educational background, there are several personal attributes that can be helpful for a career in economics. These include strong analytical skills, excellent communication skills, and the ability to work well under pressure. You should also be comfortable with math and statistics, as these are key tools in the field of economics. Job prospects for economists are generally strong, with many opportunities available in both the public and private sectors. Some notable employers include the World Bank, the International Monetary Fund, and the Federal Reserve. Private sector employers might include consulting firms, financial institutions, and multinational corporations. Overall, a career in economics can be both intellectually stimulating and financially rewarding. If you're interested in understanding how the world works and helping organizations make the most of their resources, then economics might be the perfect field for you!
Do you ever wonder why prices seem to go up every year? That's called inflation, and it's an important economic concept to understand. Inflation can impact everything from the cost of your groceries to the availability of jobs. While a little bit of inflation is healthy for the economy, too much can cause problems for households and businesses. As a high school student, learning about inflation can help you better understand how the economy works and how it affects your daily life. By understanding inflation, you can make better financial decisions, plan for your future, and even contribute to a healthy economy. Don't be afraid of the term "inflation" – it's a fundamental concept that you can learn and use to your advantage.
Robert Frank's "The High-Beta Rich" exposes the untold story of the high-beta rich and their impact on the American economy. With vivid storytelling, Frank takes readers inside the mortgaged mansions, blown-up balance sheets, and repossessed Bentleys and Gulfstreams. The book highlights how the top 1% of the population, who control more than a third of the country's wealth, are becoming an increasingly unstable force in the economy, wreaking havoc on communities, employment opportunities, and government finances. This engrossing read is a must for anyone interested in understanding the national consequences of high-beta wealth. Recommended for economics and business students, policymakers, and anyone interested in understanding the impact of wealth inequality on the economy and society. The book's insights into the volatile nature of high-beta wealth and its consequences for communities, employment opportunities, and government finances make it an important read for those concerned with economic stability and social justice. The book's vivid storytelling and analysis of the lives of the high-beta rich also make it an entertaining read for anyone interested in the lifestyles of the wealthy.
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