Tuesday, April 2, 2013

Why Does Greenland's election have global impact?

No one typically pays much attention to Greenland.  There are so few people that live there, so they typically do not have much global impact.  Their most recent election, where only 30,000 people voted, could create an export market for metals used in electronics that could really boost many other countries economies.  This potential export is due to the fact that many ice caps in Greenland are melting making rare-earth metals more easily extractable.  Many of these metals are used in computers and tvs.  The government, depending on who wins, will lift bans on mining Uranium which is typically mixed with these other metals.  Is the government holding down their economy but currently not allowing these metals to be mined?

http://www.economist.com/blogs/newsbook/2013/03/economist-explains-why-greenland-election-global-implications

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