VOICED : Wild times as Madagascar rides vanilla price bubble

VOICED : Wild times as Madagascar rides vanilla price bubble

Assessment

Interactive Video

Business

10th Grade - University

Hard

Created by

Quizizz Content

FREE Resource

The video discusses the booming vanilla trade in Madagascar, highlighting the economic benefits and challenges such as scams, theft, and declining quality due to early harvesting. Despite Madagascar producing 80% of the world's vanilla, the local economy sees little benefit, with most homes lacking basic amenities. The high demand and price have led to increased crime and opportunism in the industry.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What measures are being taken by growers to protect their vanilla plantations?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

Discuss the economic impact of the vanilla industry on Madagascar's local economy.

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