Market
in sentence
10699 examples of Market in a sentence
What also happened that year is in the areas where there were good rains, and where farmers had previously produced surplus grain, farmers had decided to withdraw from the fertilizer market, not use fertilizer and actually had dropped their use of fertilizer by 27 percent.
There was a very influential book about that, which was mainly about getting governments out of the
market.
We now recognize that getting markets right is about not just price incentives, but also investing in the right infrastructure and the appropriate and necessary institutions to create the conditions to unleash the power of innovation in the
market.
In the American Midwest, farmers used to load grain onto barges and send it upriver to the Chicago
market.
From there, the greatest innovation of all came about in this market, which is that buyers and sellers could transact grain without actually having to physically or visually inspect the grain.
This innovation is at the heart of the transformation of American agriculture, and the rise of Chicago to a global market, agricultural market, superpower from where it was, a small regional town.
This is powered by low-cost VSAT technology, aggressively trying to reach farmers to bring them into the
market.
We're creating a system that serves all
market
actors, that creates integrity, trust, efficiency, transparency and enables small farmers to manage the risks that I have described.
The ECX Edge pretty much creates the entire ecosystem in which the
market
will develop itself.
And this is because one of the things we've learned over the last decade of studying
market
development in Africa is that the piecemeal approach does not work.
You've got one donor trying to develop
market
information, another trying to work on or sponsor grades and standards, another ICT, and yet another on warehousing, or warehouse receipts.
Obviously, we work with exchange actors, and as we're developing the exchange
market
itself, we're also developing the regulatory infrastructure and legal framework, the overarching legal framework for making this
market
work.
What's really important is that the ECX will operate a
market
information system to disseminate prices in real time to farmers around the country, using VSAT technology to bring an electronic price dissemination directly to farmers.
What this does is transforms, fundamentally, the farmers' relationship to the
market.
They start to make not only commercial marketing decisions, but also planting decisions, on the basis of information coming from the futures price
market.
And they come to the
market
knowing what grades their products will achieve in terms of a price premium.
ECX is the
market
for Ethiopia's new millennium, which starts in about eight months.
ECX, moreover, can become a trading platform for a pan-African
market
in agricultural commodities.
Ethiopia's domestic
market
is about one billion dollars of value.
And we feel that over the next five years, if Ethiopia can capture even 40 percent, just 40 percent, of the domestic market, and add just 25 percent value to that market, the value of the
market
doubles.
Ethiopia's agricultural
market
is 30 percent higher than South Africa's grain production, and, in fact, Ethiopia is the second largest maize producer in Africa.
Now, there's a problem with lots of young people coming into any market, particularly when they're young men.
And around this void we placed this idea of the
market
with small shops, that change in each floor because of the shape of the void.
But then we all realized that this idea of the
market
happened to be a lot more profitable than the idea of the shopping mall because basically they had more shops to sell.
And what is interesting is that often, even if we're in the 21st century, we kind of come down in the end to these ideas of
market
versus state.
It's talked about in these modern ways, but the idea is that somehow, behind places like Silicon Valley, the secret have been different types of market-making mechanisms, the private initiative, whether this be about a dynamic venture capital sector that's actually able to provide that high-risk finance to these innovative companies, the gazelles as we often call them, which traditional banks are scared of, or different types of really successful commercialization policies which actually allow these companies to bring these great inventions, their products, to the
market
and actually get over this really scary Death Valley period in which many companies instead fail.
They say, "You know, the state, it's necessary to fix these little
market
failures when you have public goods or different types of negative externalities like pollution, but you know what, what is the next big revolution going to be after the Internet?
Now, what's interesting in all of this is the state, in all these examples, was doing so much more than just fixing
market
failures.
First of all, of course I'm not someone, this old-fashioned person,
market
versus state.
If the state is more than just a
market
fixer, if it actually is a
market
shaper, and in doing that has had to take on this massive risk, what happened to the reward?
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