Understanding the sand economy

Understanding the sand economy

This is a fascinating read!

Understanding the sand economy

Although Singapore is itself an island nation, it ran out of its own sand many decades ago. Today the entire island consists of urban areas or protected-environment sanctuaries. This shortage has fueled a massive industry, worth at least $1 billion between 1998 and 2008. And it’s only growing: In 2008 alone, according to its own figures, Singapore imported more than $273 million worth of sand, more than any other country in the world. But these numbers — which account for only the legal trade in sand — are only the tip of the iceberg.

Continue reading

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.