Transcripts For DW Made 20240703

It started attacking ukraine in ports since then, t of has been looking for tentative roots to export. Its great. Well be looking at those in this edition of made dw business magazine. Also coming up on the show. Spains new minimum wage leading to job losses. Can the growth help save the world and reduce consumption . What kind of digital you wrote tree chip on the to invalid. Welcome to the show. Early this year, spain was the leading buyer of ukraine and green ukraine, exported 2900000. 00 tons to spain. And no, far behind it came china and turkey. 650000 tons. Were exported to egypt and 300000 tons to germany. Now that the green deal has ended, you crate and farmers need to transport grain overland by poland for back you hungary, romania and folk area. But these countries already fighting back against the flood of grain by introducing import stops, the Russian Rocket attacks the green silos of the printing and the rain alliance. Spoiling 16000 tons of wheat, the attack was recorded by one of the Company Surveillance cameras. Green alliance grows wheat, rape seat, and may use on their 60000 hectors of land before the war. The harvest towards ship, from the harbor of odessa, china, and leisure. But thats changed since rushes block kate of the black sea port. T leads and we think general it was going to indonesia and markets. China was primaried. Market for form from ukraine. Unfortunately is not there because making the, the west coast bar so sweet. Lexi ports closed is not still possible. Brought us lava the capital of slovakia. These 2 green lines, managers have come from hours long meetings with customers who want to buy grain before the war. They are big contracts from china in indonesia, but now they have to struggle to find new customers. You know where were located in, so i can so like is one of the challenges that custom clearance. However, having access to europe in the roadway, we are doing direct press loading and sending our products to delete germany. Elsewhere in europe with our players and customers, are willing to take it to take the land route through the e u. Grain alliance has purchased an entire fleet of railway cars but they can no longer export their grain to china or indonesia. Because the transport costs by land would be far too expensive. Right . On the ukranian slovak border Grain Alliance has purchased this loading terminal here, the grain has to be reloaded onto a narrow, or european standard wagons. That costs time and a lot of money. The Green Alliance managers are under pressure. They have to sell their goods and keep the business running so that they can pay those 700. 00 employees. There is 12 month cycle and we have to continue. And the continued we need to export drain, we need to sell it to get any proceeds. Its not just about money, but about employment that about texas. Its about over all the gone, the mill for crane and the economy of companies. The slovak farmers who work their fields right next to the loading terminal, support your brains, fight against the russian oppressors. But theyre suffering from the drop in grain prices triggered by the brain, imports from ukraine to him, i spoke. I can only sell his 200. 00 tons of weed from last year at a significant discount. He hopes the prices will go up again and his grain doesnt go multi before then. So for our company is to sell a lot of green to poland and hungary for the market. There is a full little ukrainian produce. I think bundles and billy will decide if we can find the transportation over the truck. So its only what we need quick with ease, know that a stuck on those of you. What was me and you click on this yet. So thats despite the fact that 5 countries of sand, the import, a few green green but Green Alliance is now experiencing increased demand from drought stricken italy in spain. This train is on its way from the slovak loading terminal to the northern c port of the docket. Where large amounts of grain are being shipped the distance, some 1350 kilometers. The transport costs are accordingly high. The ukranian Green Alliance managers have found a german buyer here. They have no idea what he plans to do with the green. Maybe it will be shipped to africa or it might even stay in germany. That annoys farmers like literally sure. Also grow grain on farms in the region. Live here is that a lot of ukrainian green in germany. You will cause prices to plummet, uses any ukrainian green arriving in germany should only do so headed for the ports and on for export elsewhere. Like a nomic, weve been make a lot of sense for the easier to subsidize the transport of ukrainian week to the north and baltic seas. So that this, we could go to the developing countries and only be the greatest needs there to kind of rushes warren ukraine is rocking the world wide green market. But despite the many difficulties, ukrainian producers are still finding ways to export their grain. The consumption against russia help and the war in ukraine. While the angles sentients is to stop Armed Conflicts and we can dictators experience shows, they really do that. So what does the International Community achieve when it imposes functions . Here are some answers. Who does functions hot relays them into and holes. We can prevent Nuclear Weapons manufacturing and transformed dictatorships into democracies sanctions foster homes right now. The most sanction country in the world is russia with more than 12000. 00 active sanctions against individuals and organizations. According to statistics from october 20, 22 and 2nd places around with several 1000 sanctions followed by syria and korea. That a russo stood with just over a 1000 followed by venezuela and me and ma with several hundreds. But sanctions have almost never achieved the desired political goals. One exception is south africa was sanctions all believe to have helped was in the end to a pol, tied in 1994 functions. All by no means an effective thoughts. They usually affect the most vulnerable members of society and the incomes. The hottest. As shown by a study from the Munich Institute for economic research, it examined 67 countries effected by economic sanctions. It found that if the United Nations had imposed the sanctions the countries g d p fell by an average of 2 percent pay. Yeah. Its only thank you. Asked had impose the sanctions union naturally. It was one percent extrapolated over 10 years. This means that dropping per capita g d p of up to 25 percent in iran for example. Its the young on educated rural population who subset the most in poor countries, life expectancy. So by up to 1. 4 years, during an average period of un sanctions, women are more effective than in. However, they close the study mostly looked at smaller economies. They also say the results comp, necessarily predict what would happen to a big economy like russia. To make sanctions more tonka said an effective, its important to thoroughly investigate who they will end up affecting most the minimum wage in europe varies by country. Germany funds and the u. K. Of some of the highest minimum wages in europe, averaging around 12 euros per hour. But some countries in europe have a minimum wage below 5 year olds, and others dont even have a minimum wage. In february this year, spain res, its a minimum wage by 8 percent. Then you minimum wage mostly benefits, Agricultural Workers who account for around half of minimum wage earners. But there are questions about whether it will lead to job losses. In the longer term these 2 field work is an irritating citrus fruit pon patients, they guess a 1080 years a month, which is now the minimum wage in spain. But their employer is having a hard time paying its its almost the know that we think the government should help us pay workers a decent wage without costs its going up too much. What are the no, but on these well, the important thing almost. Well know mentally is probably the best of inflation has made fast lies and more expensive. Drought means water is in short supply and now work is wages have gone up, and farm is on benefiting from rising food prices. The info box is starting, sumption is going down across europe basically all sales of fruit and vegetables in germany has gone down by 15 percent. That makes things worse. The prices are the same, but consumption is down. Most of the middle schools will imperial gothic near the country produced as an export spanish garlic. What is here also get the minimum wage. They used to get 800 years a month and now one just over a 1000. But despite the res, then on to happy, yet im on that. Oh no, no, no, apple, apple, the high prices for groceries a to blame and see what to do better off when price is with lola. Its that you have on the holding consumer demand combined with higher costs of the company is a 160 employees. 40 will set jobs. Theyve been, theyve only because we sell a lot less to the supermarket and thats the same time our costs are going out and we were forced to let some workers go. How about the u. G t union and madrid hadnt even heard about the layoffs. Its hales, the minimum wage height as a major step forward. This they act as a sign yalls a mess. Then thats the ending for the past 6 years. Weve had a steady increase in the minimum wage. Its a way of distributing wealth and making a large number of workers in spain better off. Were talking about more than 2000000 work is hours, including 4 here road popular last the last. So hes a Security Guard as a large chain of department stores. And now ones 1092 years a month. But its not enough in a city like madrid. No, no, but im out of, you know, no one can live on that is, and i dont really have to worry about getting rent. I still live with my mother, but for many of my colleagues its bad and theyre struggling to pay their rent, which is high. They dont, theyre in a bad situation then case time, then that would be later because im buy a new not a lot of money that thatll get lettuce. It gets so sweet to us the on. So its better able to say, saw that renew statistics indicating that the minimum wage increase has resulted in more people losing their jobs. But unemployment remains high. So it may be Unemployment Rate in spain is not going down as steadily as it is in other european countries. It was find that it was that the prices it will pay us. So with jobs disappearing in some sectors, spanish pharmacy, especially in southern spain, see a different problem, a, but se exact product also easy. It was right to raise the minimum wage in spain. But at the same time, you was importing fruit and vegetables from non annual countries like morocco. And as far as i know, farm workers there, and its sometimes earned as little as 3 zeros a day via phone call, have so many spanish workers and minimum wage raise was solely needed. But many companies, especially in the farming industry and now struggling to pay the work is one possible consequence, might be increased organization in stains, agricultural sector. The idea of the phenomena growth is very much grounded in consumption for countries Gross Domestic Product to grow. It needs to produce and consume more. Now that is an idea that im growing number of climate accidents and policy makers do not agree with. They say reducing Global Economic activity or the growth is the only way to save the planet. But critics say increasing Economic Growth ensures, oh, well being, you know, be a reporter, emily less no way, both sides having more has given us a lot of comfort and a lot of choice. So its a pretty big price tag, like more Carbon Emissions, more resource depletion, more pollution, our addiction to making and consuming more stuff is exhausting the planet. Everyones talking about avoiding a climate catastrophe. But its switching to Renewable Energy and buying electric cars while keeping the status quote. Really going to help a growing number of people say no, they want us to fundamentally change the way we run our economies. And with that, our lives, some call it the growth for decades, countries have been judged by the growth of their g, d p. Thats Gross Domestic Product. The more goods and services produced, the higher the g, d p, the cooler the country to keep having ged, be great, accumulating you also need to keep having more material stuff extracting and going through the economy. This is not sustainable on on ups. On it was, you know, a finite amount of resources. So this is where the idea of the growth comes in. The term, the growth is credited onto the gourds, an austrian french social philosopher, who in 1972 question whether it was a good idea to constantly make more stuff. Shortly after academics at the Massachusetts Institute of Technology Published a report called the limits of growth. This rigorous forecast concluded that im less growth was curved, civilization would collapse like 2070 to suffice to say it didnt go down. Well, the academic journal nature even called it a width of doomsday. The growth talks starting to crop up again in the 2 thousands when stated, begin to show just how it reversed of lee. We were harming the planet. A recent paper, a nature. Yes, the one who puts the gross back in the seventys suggested that it should be widely and thoroughly considered. And the term has now made its way into the most recent, i pcc report on how to stay below 1. 5 degrees celsius. Once the growth approach that has been widely considered is decoupling where you get to maintain Economic Growth while reducing Carbon Emissions. While i live in the u. K, its very proud of itself because it claims that its managed to successfully de compromise its economy while g d p. I mean its not doing well, but g d p is, is growing slowly while our mission is appeared to be going down. Surprisingly, especially countries with advanced economies have been able to do it. For example, by shifting towards Renewable Energy sources like denmark, which reduced its consumption based emissions by 35 percent between 22019. 00. Well growing the g d p per capita by 16 percent. Germany reduced its Carbon Emissions per capita by 24 percent in the same timeframe while growing 26 percent. And even the United States did the same. Which sounds great and definitely as a 1st step. But the problem is that the coupling is only concerned about c o 2. We live in many ecological crises, not just one is not just an issue of fossil fuel emissions. So here if we just say was about the compensation, i mean, you were missing ecological. The great ation, biodiversity last, the u. K. Has some of the worst part of us here. Any country in the world, never mind the, he just doesnt solve that problem. What next . The problem is even those who support with the growth stands for thinks the word itself is problem. Attic, why dont like the term . The road . Is it . It has a negative feel to ethic. Shes thing is shrinking material, the material inputs into economic activity. The growth sound scary, like it wants people to return to the dark ages. But it actually us means scaling down the least sustainable industries, like mass produced meat and dairy, vast fashion car and eva sion manufacturing or ensuring that the things we rely on refrigerators, phones, washing machines, have a longer shelf life repairing. Instead of replacing something the moment it stops working. So its not just about stopping growth, but about increasing growth and sectors that benefit society as a whole. Like creating green jobs, training workers, uninstalling, Renewable Energy, insulating buildings, and regenerating eco systems, and investing and Public Transportation and services. What does that just Wishful Thinking . Might this new approach to growth actually make life worse for us . This is a crux of the growth debate. Would unravel the advances humans have made many facets of modern life, like living longer and lower rates of Child Mortality are associated with high g d, p. Among other factors. Economists that are in favor of the current system, say that more immediately the gross could mean widespread job loss, mortgage default and business closures. That it would force us all into a permanent recession per tailing, research and innovation. The thing is we need to develop green and more efficient technologies. The problem is that active di growth hasnt happened anywhere yet. Meaning that nobody knows whether that what happens, how do you address the creation of a world where rich countries dont . Thats actually slammed the doors by themselves and say, you know, were gonna, were going to diminish our growth of that. But you know, were not gonna let you catch up to us to where we are. And that is a challenge. And a lot of the solutions around that involved in a large scale redistribution of wealth resources between countries that, that might be possible in a perfect world. But in the real world, it is very politically challenging. One suggestion by the grocers is that on payable debts held by low and middle Income Countries should be cancelled so that they can focus their spending on public services. The idea is to even the Playing Field casings for the global south, our technology transfer. So, you know, to leapfrog dirty technologies to get the, the, you know, sort of latest generation or Renewable Technologies to close out countries for their energy needs, number to finance, Corporate Finance to make that possible and also to finance other poverty alleviation. And so for supporters say that through Economic Growth, the needs of more people could actually be served. Still, we seem to perceive increasing g d p as a sign that were winning. That however you frame it, giving it up for the sake of our future on this plan, it sounds to most people like were asking them to start losing. So is the answer to deliberately slow down Economic Growth. You will find many governments willing to do that. Moving away from ttp, for example, to metrics that value, you know, human impact across a wide variety of dimensions. You know, the Human Development index you and provides is a good example of that. You know, theres been some experimentation with like the country baton and its gross Happiness Index that theyve talked a lot about. And, and so there might be ways to redefine these metrics of success that would make it more palatable for, for politicians to embrace things that dont necessarily increase g d, p would increase the average wellbeing of people. Im in a, in a way that, you know, is less resource intensive or destructive. Another example is would, former new zealand Prime Minister just send the order and didnt 2019 when she announced National Budget that prioritize citizen wellbeing and happiness over g. D. P, an Economic Growth under the budget. All news funding was required to advance government priorities, like improving mental health, reducing child poverty, and addressing the any qualities faced by its indigenous population, the growth or is envisioned and economy driven by alternative principles. The way doing the grace is the we need to imagine a different feature, a new ecological, a new relationship between humans and non human nature in which you met humanity because so nature can flourish. On friday, the, the European Central bank wants to introduce the digital euro by 2026. The virtual version of the euro is supposed to be an alternative. Decrypt the cars, these like bitcoin. And if the area these virtual coins a voltaggio and are sometimes useful criminal activities. So Central Banks likely easily be coming up with digital versions of their currencies to offer the safer alternatives. Our porter quit supercilious, took a look at how the digital euro will work. Would you prefer to pay with Digital Currency or cash . The you is planning to launch the Digital Bureau by 2026. The European Central bank is investigating whether to introduce the electronic equivalent to cash in all 20 countries where the euro is legal tender. But how would work . The digital euro will be stored in a digital wallet on your smartphone. Youll be able to move money from your Traditional Bank accounts into that wallet and make payments using your smartphone. But if you prefer to keep using bank notes and coins, you can. The idea is to restrict the use of the Digital Bureau to smaller payments using it for a larger amounts could otherwise the stabilize the bank. If customers were to transfer all their money to their digital wallet, the payments with the digital euro could be made online or offline direct from pay or to pay easy, which affords more privacy. Another Advantage Service providers like paypal mastercard and apple pay charged fees. But paying with the digital euro would be free of charge. The payments across National Borders would also be possible. The potential drawbacks consumer watchdog spear it could replace cash completely and that Consumer Behavior could easily be spied upon. But the gc being system, it will guarantee privacy and the digital euro will compliment not replace bank notes and callings no, i cant wait to go shopping with a digital euro. And that brings us to the end of todays edition of made. Thank you so much for watching. You can find more additions of our show on dot com slash business to join us again next time and until the end for me, im the entire team here in berlin. Good by and take care of the are in good shape. Lets talk about it without feeling or quit, or sayings to boot topics and the most common with surroundings sexually transmitted diseases. Weve got the most important balances, the questions pronouncing better thing, it all. In good shape, in 1st 10 minutes on the w, garbage dumps and remain you think of trash and corruption. The countries Waste Management industries with problems, trash, assembly sausage on pipe. But even the model projects dont meet e, you stranded. They are showing which fund wasted. Those up in 90 minutes on d. W. Hello guys. This is the 77 percent of the platform for these issues and share ideas. You know, on this channel were not afraid to pass and then it gets to talk to the young people clearly have the solution, the future of the 77 percent every weekend on dw mr. No question about life, the universe and every thing the answer. Well then, given heres the answer to almost everything were documentary series with carver and the ground to breaking questions to the after life the summer for a city saving the world. 2 questions for the present future and hands filled with the ideas. 2 then when we learn something, the hardware and software of our brain changing systems. So get ready for the brain of 40 to the answer to almost everything this week on dw, the, this is the, the news coming to line from berlin. Torrential rain, batteries, breeze causing devastating floods for gary and turkey have also been severely affected. For almost a years worth of rain fell in just one day. Some of the heaviest rainfalls ever reported in europe. Also in the program for pro boys liter, enrique tare a big an emotional lead for mercy before being sentenced to 22 years for his role