Sentence examples for dependent on commodity exports from inspiring English sources
Africa is still the continent most dependent on commodity exports.
Brazil has diversified somewhat into manufactures, but it's still heavily dependent on commodity exports, whose prices have plunged.
But in a reversal of the usual north-south split, it seems as if emerging markets, often dependent on commodity exports to China, are faring better this time.
Today, of the 13 middle-income countries with average incomes of $10,000 to $15,000, nine are still dependent on commodity exports, including Brazil, Russia and Argentina.
Africa is far from a world-beating economic hub; it has huge pockets of grinding poverty and is still the continent most dependent on commodity exports.
Robert Wade, a political scientist at the London School of Economics, argues that few nations that were largely dependent on commodity exports, like New Zealand, have been able to transform themselves into successful producers of advanced goods based on such policies.
But in a reversal of the usual north-south split, it seems as though emerging markets, often dependent on commodities exports to China, are faring better this time.
Squeezed between Brazil and Argentina and long dependent on commodities exports, Uruguay may be better known for its flocks of sheep and herds of cattle.
But for a string of other countries, especially those heavily dependent on commodities exports, the result has been economic chaos – and the OECD fears worse may be to come.
Elsewhere, there are problems too, because Africa and much of Latin America depend on commodity exports, and Russia on energy.
