Re:Ghana will no longer sell cocoa to Switzerland
by grecy on Friday March 19, 2021 @12:33PM
(#26515338)
> Not to pick on you, but I often hear this frasing in the 'first world' and surely you dont 'allow' or 'disallow' internal policies to an sovereign nation?
Oh, it's much simpler than that. If an undeveloped (or developing) country doesn't place nice with the "Developed" rules, the IMF will just bankrupt their currency and send them back to the dark ages.
Why do you think Switzerland is the world's 3rd biggest exporter of Coffee [1], while not growing a single bean ? .. and Germany is number 5.
The IMF doesn't let coffee growing countries like Ethiopia or the Ivory Coast export processed beans, because they want the immense profits going to developed countries. Also the WTO plays a role and just doesn't tax unprocessed raw coffee beans coming out of those poor countries, but taxes processed coffee (and chocolate) goods at astronomical rates.
Oh, it's much simpler than that. If an undeveloped (or developing) country doesn't place nice with the "Developed" rules, the IMF will just bankrupt their currency and send them back to the dark ages.
Why do you think Switzerland is the world's 3rd biggest exporter of Coffee [1], while not growing a single bean ? .. and Germany is number 5.
The IMF doesn't let coffee growing countries like Ethiopia or the Ivory Coast export processed beans, because they want the immense profits going to developed countries. Also the WTO plays a role and just doesn't tax unprocessed raw coffee beans coming out of those poor countries, but taxes processed coffee (and chocolate) goods at astronomical rates.
[1] http://www.worldstopexports.com/coffee-exports-country/