Posts Tagged ‘Conor Woodman’

Lobster Trap

Lobster Trap (Photo credit: Wikipedia)

I’ve started reading Conor Woodman’s recent book, Unfair Trade. Once finished, I’ll post a full review, however it’s already given me some food for thought.

In the first chapter, Conor explains the perils of lobster diving as practised near Bilwi, Nicaragua. The locals dive many times per day in total ignorance of the risk brought about by such frequent decompressions.

Lobster trapping would be a less hazardous alternative but for the locals, the cost of entry is out of their league (about $1,500: 50 traps at $25-30 a piece).

The hapless divers tried to strike to improve their conditions but their customer, an intermediary food processing company, stared them down. The only other lever that can be pulled are the CSR commitments of the companies at the other end of the supply chain, such as Red Lobster restaurants. Even assuming that a ban on dive-caught lobster is helpful, Conor quickly illustrates how it is impossible to know the origin of any particular lobster and no one has set up any serious form of monitoring.

Just when it seemed like a lost cause, enter microfinance.

Yes it will certainly be better if, in the medium-term, the divers can secure some enforceable right to collective bargaining however if you want to assist people get out of the poverty trap you can do so today by making a loan through Grameen FoundationKiva or a similar organisation. It makes the difference between the likes of Conor’s guide, Wally, having some kind of self-determination and being stuck in a vicious cycle of low wages and poor equipment.

The only criticism I’ve heard of microlending is one study which found that people who received funds easily were less inclined to take care of it. I’m not convinced that this is a widespread issue though.

You won’t see the labour movement promoting this as a solution, which is fair enough since collective bargaining would give the Miskitos the leverage to improve their lot on a widespread basis. However you have to be realistic about how attainable that is in Nicaragua in its present state of economic development. In the meantime, concerned individuals can at least “do something” to give real assistance.

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English: Conor Woodman in Around the World in ...

Image via Wikipedia

Conor Woodman’s 4-part series documenting his trading adventures around the globe is educational and heart-warming.

Conor gives away his City of London financial services job and hits upon the novel idea of trading face-to-face with people around the world. He sets off on a trip spanning three continents. His aim is to buy low, transport the goods himself, and sell high at the next destination.

To maximise the contrast with his former job, most of the countries he chooses to visit belong to the global South which represents a minority of global trade, GDP-wise. The 25 least developed nations collectively account for 1% of global GDP.

The doco presents the ups and the downs of his escapades, and they are by no means all successful for him. Selling particularly proves to be harder than he anticipates. Full of confidence in his strategy, Conor deals open-handedly with the sellers he meets. Sometimes that favour is not reciprocated. Other times he founders because of lack of cultural nous (for which he can hardly be blamed!) Then other times it’s just plain bad luck.

What I really enjoyed about the series is that it puts a human face on globalisation and the movement of commodities. Our Kenyan coffee beans didn’t magically arise from the Kenyan soil and send themselves our way, they were planted and tilled by real life Kenyan farmers who are either working at it right now, as you are reading this, or will be tomorrow.

Here is the first ten minutes of Episode 1:

The full series runs for about 200 minutes.