Commodity
in sentence
920 examples of Commodity in a sentence
High
commodity
prices have benefited producers of oil and gas (such as Venezuela and Bolivia) and minerals (such as Chile).
But the truth is that America in the Greenspan years benefited from a period of declining
commodity
prices, and from deflation in China, which helped keep prices of manufactured goods in check.
Setting aside the recent African
commodity
boom, most economic growth has happened in three world regions with similar productive arrangements.
These South American countries – Brazil included – ought to be thinking about what will fuel economic growth if and when the
commodity
boom ends.
Easy access to cheap funding and high
commodity
prices alleviated the need to press ahead with difficult reforms of infrastructure, utilities, education, and health care, to name a few areas.
Diversification of production took a back seat in policy decisions as
commodity
prices continued to fuel rapid growth.
Education has increasingly been transformed into a
commodity
system, in which the “customers” (formerly students) are kept happy with personalized curricula while being prepared for the job market (rather than being prepared to be responsible human beings and citizens).
By highlighting them, I don’t mean to downplay the importance of other issues – US monetary policy, weak
commodity
prices, debt crises, and the like – that are likely to affect the global economy in the year ahead.
In 2013, the US Federal Reserve began to roll back its bond-buying program, and
commodity
prices collapsed in mid-2014.
With the
commodity
boom during this period sustaining massive accumulation of foreign-exchange reserves, the region’s external debt, net of reserves, fell from more than 30% of GDP to less than 6%.
It was also the argument William Jennings Bryan made during his 1896 presidential campaign, when he promised easier money to his core constituency: Midwestern farmers who had been hit hard by high interest rates and declining
commodity
prices.
Brazil is a
commodity
exporter, while South Korea is not.
Indeed, these countries are already experiencing large relative price increases for food and oil, a food emergency for the poor, and higher rates of inflation induced by
commodity
price shifts.
While rapid growth in developing countries has been an important factor in the rising
commodity
prices, much of this is beyond their control.
Growth that relies on capital inflows or
commodity
booms tends to be short-lived.
In Niger, pastoralists use mobile phones to keep abreast of
commodity
prices in regional markets, which enables them to sell their camels where prices are highest and purchase grains where prices are lowest.
Others are exposed to risks stemming from concentration in a single business sector, commodity, and/or geographic area.
Cycles in oil and
commodity
prices are notoriously difficult to predict.
A combination of falling oil and primary
commodity
prices, an over-ripe business cycle, and the Fed’s announcement of its intent to start “tapering” its asset purchases brought the decade-long boom in many emerging markets to an end.
Having campaigned on a promise to restore and improve the French people’s purchasing power, Sarkozy came to power, in May 2007, just a few weeks before the sub-prime mortgage crisis erupted, and a few months before
commodity
prices exploded.
Now the value of both imports and exports have fallen, though the former have declined more, owing to the collapse of global
commodity
prices.
In fact,
commodity
prices are the key to understanding trade trends over the last few decades.
But in 2012,
commodity
prices began to fall, soon bringing trade down with them.
Clearly, there is a direct link between the trends in trade and
commodity
prices (see figure).
Given that this connection affects all manufactured goods that require raw material inputs, it should be no surprise that, as
commodity
prices have declined, so has global trade.
But
commodity
prices affect trade volumes as well, because higher
commodity
prices force industrial countries to increase the volume of their exports (ten cars instead of five, in the example provided), in order to cover the costs of the same volume of raw material imports.
Given the massive drop in
commodity
prices lately, there is little need to seek any other explanation for the recent slowdown in trade.
But it is now becoming clear that the perception that globalization is some overwhelming and inexorable force largely reflected the side effects of the last decade’s
commodity
boom.
Oil and
commodity
prices are low or declining.
Now consider Panama – by far Latin America’s fastest-growing economy during the 2004-2014
commodity
price boom.
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