Economics

In the News

Who has really benefited from Liberia's miracle oil?

Graham Watson

5th January 2020

This is a fantastic Guardian exploration of the impact of palm oil on the Liberian economy, and those that produce it. It highlights the 'promise' of higher incomes for Liberian farmers and the reality of the impact.

In short, the ordinary farmer hasn't seen much in the way of benefit but the large agro-businesses who have acquired land have done. There's lots to look at: property rights, sustainable growth, the inequalities of trade and so on. It's a microcosm of the practicalities of development for the world's poorest.

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.

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