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Essay / Research Paper Abstract
This 13 page paper dicusses the Banana Trade War and its impact on the Caribbean's banana trade security. This paper focuses on the events leading up to the decision by the European Union to open up trade to all suppliers. Bibliography lists 16 sources.
Page Count:
13 pages (~225 words per page)
File: D0_GSBanana.rtf
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Unformatted sample text from the term paper:
basically the U.S. felt they were being cheated out of a great deal of the banana trade due to the EUs stance that much of their supply would come from
previous colonies. This angered the U.S. who claimed that this constituted unfair trade practices. The response of the U.S. in turn angered the EU who claimed they were doing
nothing unfair and, in fact, were helping countries dependent on this trade since they continued to buy from them. The EU argued that if the U.S. got its way,
these countries would be the innocent victims of globalization. It turned out that the WTO stood behind the U.S. in this matter, thereby creating some very unusual precedent.
The key to understanding the banana trade wars is to thoroughly understand each sides argument, as both have merit and both have particular drawbacks. The Banana Trade
War In the world of bananas, there are three companies which control two thirds of the entire banana tradei. Those companies are Del
Monte, Dole, and Chiquitaii. Many believe their dominance is built on the exploitation of workers from developing nationsiii. As of 1999,
it was estimated that the net worth of the banana trade was about $10 billioniv. These few multinational companies who produce the bananas cover all aspects of the operationv.
They control everything from production and transport to ripening facilities and distributionvi. The have achieved their success not only by exploiting workers in developing countries but also by
their scale and control over infrastructurevii. In the Caribbean, bananas are grown on small, family-run farms just as they have been for
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