A number of Latin American countries export coffee and import other goods. A long-term drought now reduces coffee production in the countries of this...

A number of Latin American countries export coffee and import other goods. A long-term drought now reduces coffee production in the countries of this region. Assume that they remain exporters of coffee. Explain why the long-term drought in the region might lead to an increase in the region's well-being or welfare. What would make this gain in well-being more likely