Business Week provided an interesting graphic on the commodity consumption per capita. Well, it looks like wealthy economies love their commodites as much as the new emerging markets. We use a lot of raw stuff" to meet our eocnomic lifestyles We may not get more efficient with wealth. Higher per capita income needs more raw material.
The commodity story has always been about grwoth in China and other EM countries. They have grown substantially, but their per capita demand is still low versus developed countries. Now some of the data is driven by extraction of natural resources, but it still shows the strong dependency of wealthy economies on commodity usage.
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