full transcript

From the Ted Talk by Eleni Gabre-Madhin: A commodities exchange for Ethiopia

Unscramble the Blue Letters


And we're seeing a shift -- powered mainly because of information technology -- a sfiht in maekrt dominance towards the eigermng markets. And over the last decdae, you see that the share of Western exchanges -- and this is the U.S. share of eghxcenas in the world -- has gone down by nearly half in just the last decade. siialrmly, there's been explosive growth in India, for example, where rural farmers are using exchanges -- giownrg here over the last three years by 270 percent a year. This is powered by low-cost VSAT thnoeglcoy, aggressively trying to reach farmers to bring them into the market. China's Dalian Commodity Exchange, three years ago, 2004, overtook the Chicago Board of tarde to become the second largest commodity exchange in the world. Now, in Ethiopia, we're in the process of designing the first organized Ethiopia Commodity Exchange. We're not trying to cut and paste the Chicago model or the India model, but creintag a system uniquely tailored to Ethiopia's needs and realities, Ethiopia's small farmers.

Open Cloze


And we're seeing a shift -- powered mainly because of information technology -- a _____ in ______ dominance towards the ________ markets. And over the last ______, you see that the share of Western exchanges -- and this is the U.S. share of _________ in the world -- has gone down by nearly half in just the last decade. _________, there's been explosive growth in India, for example, where rural farmers are using exchanges -- _______ here over the last three years by 270 percent a year. This is powered by low-cost VSAT __________, aggressively trying to reach farmers to bring them into the market. China's Dalian Commodity Exchange, three years ago, 2004, overtook the Chicago Board of _____ to become the second largest commodity exchange in the world. Now, in Ethiopia, we're in the process of designing the first organized Ethiopia Commodity Exchange. We're not trying to cut and paste the Chicago model or the India model, but ________ a system uniquely tailored to Ethiopia's needs and realities, Ethiopia's small farmers.

Solution


  1. creating
  2. growing
  3. trade
  4. similarly
  5. emerging
  6. decade
  7. market
  8. technology
  9. exchanges
  10. shift

Original Text


And we're seeing a shift -- powered mainly because of information technology -- a shift in market dominance towards the emerging markets. And over the last decade, you see that the share of Western exchanges -- and this is the U.S. share of exchanges in the world -- has gone down by nearly half in just the last decade. Similarly, there's been explosive growth in India, for example, where rural farmers are using exchanges -- growing here over the last three years by 270 percent a year. This is powered by low-cost VSAT technology, aggressively trying to reach farmers to bring them into the market. China's Dalian Commodity Exchange, three years ago, 2004, overtook the Chicago Board of Trade to become the second largest commodity exchange in the world. Now, in Ethiopia, we're in the process of designing the first organized Ethiopia Commodity Exchange. We're not trying to cut and paste the Chicago model or the India model, but creating a system uniquely tailored to Ethiopia's needs and realities, Ethiopia's small farmers.

Frequently Occurring Word Combinations


ngrams of length 2

collocation frequency
commodity exchange 6
small farmers 5
rural africa 3
africa today 3
chicago board 3
gross national 2
nobel prize 2
million people 2
agricultural output 2
nearest local 2
market risk 2
maize prices 2
direct implications 2
ethiopia commodity 2
tremendous losses 2
warehouse receipts 2
commodity exchanges 2
ecx edge 2
legal framework 2
price premium 2


Important Words


  1. aggressively
  2. board
  3. bring
  4. chicago
  5. commodity
  6. creating
  7. cut
  8. dalian
  9. decade
  10. designing
  11. dominance
  12. emerging
  13. ethiopia
  14. exchange
  15. exchanges
  16. explosive
  17. farmers
  18. growing
  19. growth
  20. india
  21. information
  22. largest
  23. market
  24. markets
  25. model
  26. organized
  27. overtook
  28. paste
  29. percent
  30. powered
  31. process
  32. reach
  33. realities
  34. rural
  35. share
  36. shift
  37. similarly
  38. small
  39. system
  40. tailored
  41. technology
  42. trade
  43. uniquely
  44. vsat
  45. western
  46. world
  47. year
  48. years