full transcript
From the Ted Talk by Eleni Gabre-Madhin: A commodities exchange for Ethiopia
Unscramble the Blue Letters
So, the ECX is an Ethiopian exchange for Ethiopia. We're caerntig a system that serves all market artocs, that creates integrity, trust, eefcfniciy, transparency and enables small farmers to manage the risks that I have described. In the design of our commodity exchange in Ethiopia, we've done something rather unqiue, which is to take the approach of an integrated perspective, or what we call the ECX Edge. The ECX Edge pretty much creates the entire ecsyseotm 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 afirca is that the peeeciaml approach does not work. You've got one donor trying to develop mkreat information, another trying to work on or sponsor grades and srdnadats, another ICT, and yet another on warehousing, or warehouse receipts.
Open Cloze
So, the ECX is an Ethiopian exchange for Ethiopia. We're ________ a system that serves all market ______, that creates integrity, trust, __________, transparency and enables small farmers to manage the risks that I have described. In the design of our commodity exchange in Ethiopia, we've done something rather ______, which is to take the approach of an integrated perspective, or what we call the ECX Edge. The ECX Edge pretty much creates the entire _________ 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 ______ is that the _________ approach does not work. You've got one donor trying to develop ______ information, another trying to work on or sponsor grades and _________, another ICT, and yet another on warehousing, or warehouse receipts.
Solution
- creating
- ecosystem
- standards
- africa
- piecemeal
- actors
- efficiency
- unique
- market
Original Text
So, the ECX is an Ethiopian exchange for Ethiopia. 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. In the design of our commodity exchange in Ethiopia, we've done something rather unique, which is to take the approach of an integrated perspective, or what we call the ECX Edge. 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.
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
- actors
- africa
- approach
- call
- commodity
- creates
- creating
- decade
- design
- develop
- development
- donor
- ecosystem
- ecx
- edge
- efficiency
- enables
- entire
- ethiopia
- ethiopian
- exchange
- farmers
- grades
- ict
- information
- integrated
- integrity
- learned
- manage
- market
- perspective
- piecemeal
- pretty
- receipts
- risks
- serves
- small
- sponsor
- standards
- studying
- system
- transparency
- trust
- unique
- warehouse
- warehousing
- work