Monopsony power in action! Tanzania Cashew crisis

Click here to access an article discussing the crisis over cashew farming in Tanzania. About 20 houses have been burnt down in riots by cashew nut farmers and other protesters in southern Tanzania, the local MP has told the BBC.

Faith Mitambo said two buildings at her home in Liwale town had been set alight and that other houses targeted belonged to members of the ruling CCM party.

The trouble began after payouts being made to farmers for their crop were less than the price agreed last year.

Topics of relevance are monopsony power, supply & demand, government intervention. Excellent real world economics. 

Theme 4: Economics Development - Dar Es Salaam

A great development economics clip, with the World Bank looking at how the development of the new Rapid Bus Transit system in Dar es Salaam has improved the transport situation in this most fascinating of cities.

Not only has the government committed to making transport affordable, but it has also served to start tackling the externalities of congestion and boost the city's productivity.