Luckiest Nut In The World
“The Luckiest Nut in the World”
“The Luckiest Nut in the World” is an eight minute film, directed by Emily James, which concisely addresses the issues of free trade and supply and demand through the use of strong visual cues describing the globalization crisis in Senegal. In the video, a singing American peanut tells the tale of the destruction of the Senegalese economy resulting from an influx of funds from the World Bank in the 1970s (James, 2007). As of the late 1960's, around 25% of the GDP in Senegal was from agriculture
(Badiane). In order to kickstart development of the country, the World Bank offered a monetary influx so that the country could produce more ground nuts, like peanuts, which were selling on a global market. Output increases, favorable weather, and convenient …show more content…
The ground nut now “provides 75% of the national agricultural production and employs 50% of the population” (Badiane, 2001), yet the country spends more per annum trying to repay their debt than they spend on health and education costs combined
(James, 2007).
Outside of the obvious monetary outcomes, there were many negative impacts from the involvement of the World Bank. Environmental impacts from transitioning the landscape to farmlands have caused sandstorms and droughts. Because ground nuts are the primary export, women are expected to tend the produce and the home, widening the gender inequality gap. The growth of human
Duprey 3 populations in general, farmers have overcultivated causing soil degredation that makes it difficult for people to care for themselves. The weaving of the World Bank into local hierarchical rules causes conflict amongst the people. The country of Senegal is buried deep enough in hardship that it will take lifetimes to come out of.
In this case, negative outcomes could have been avoided. The first words many financial advisors offer is to diversify. By engaging the country's entire economic well-being in ground
“The Luckiest Nut in the World” is an eight minute film, directed by Emily James, which concisely addresses the issues of free trade and supply and demand through the use of strong visual cues describing the globalization crisis in Senegal. In the video, a singing American peanut tells the tale of the destruction of the Senegalese economy resulting from an influx of funds from the World Bank in the 1970s (James, 2007). As of the late 1960's, around 25% of the GDP in Senegal was from agriculture
(Badiane). In order to kickstart development of the country, the World Bank offered a monetary influx so that the country could produce more ground nuts, like peanuts, which were selling on a global market. Output increases, favorable weather, and convenient …show more content…
The ground nut now “provides 75% of the national agricultural production and employs 50% of the population” (Badiane, 2001), yet the country spends more per annum trying to repay their debt than they spend on health and education costs combined
(James, 2007).
Outside of the obvious monetary outcomes, there were many negative impacts from the involvement of the World Bank. Environmental impacts from transitioning the landscape to farmlands have caused sandstorms and droughts. Because ground nuts are the primary export, women are expected to tend the produce and the home, widening the gender inequality gap. The growth of human
Duprey 3 populations in general, farmers have overcultivated causing soil degredation that makes it difficult for people to care for themselves. The weaving of the World Bank into local hierarchical rules causes conflict amongst the people. The country of Senegal is buried deep enough in hardship that it will take lifetimes to come out of.
In this case, negative outcomes could have been avoided. The first words many financial advisors offer is to diversify. By engaging the country's entire economic well-being in ground