Economics

In the News

Vanilla pods and economic development in Mauritius

18th March 2018

An interesting look at the growth of the vanilla industry on the island of Mauritius, which started by looking at the long lead-time- it takes 5 years before a vanilla orchid starts bearing vanilla pods.

However, vanilla is a luxury good, and as a consequence, it will account for a higher proportion of global income over time, especially when its added to rum, another luxury good. However, the development of both markets could potentially enhance development.

Vanilla pod farmer: 'Timing is everything' https://t.co/jJ7DbQywOA
— BBC News Africa (@BBCAfrica) March 16, 2018

Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to Tutor2U, reads voraciously and is interested in all aspects of Teaching and Learning.