But, like any other large economy, China s economy is driven by domestic consumption and investment.

One is the large global economy, the large globalized economy, and the other one is the small, and very limited, capacity of our traditional governments and their international institutions to govern, to shape, this economy.

A fragile world economy will not be hospitable to large net foreign borrowers (or large net foreign lenders).

Clearly, the world economy has a large stake in Greece s recovery.

Elemental silicon also has a large impact on the modern world economy.

Recall that the 1997 Asian crisis started in Thailand again, not a large economy.

That case is strongest if the spending reductions are large and abrupt in a weak economy.

In recent weeks, Japan became the first large industrial economy to intervene directly in currency markets.

The non tradable side of any advanced economy is large (roughly two thirds of total activity).

China s pursuit of a high saving, large trade surplus economy in recent years embodies mercantilist teachings.

International trade makes up a large part of the Canadian economy, particularly of its natural resources.

Nigeria is often referred to as the Giant of Africa , owing to its large population and economy.

A large part of the economy was destroyed during the war, and many human lives were lost.

As we have a very large economy, that involves tens of billions of dollars in additional assistance.

The economy of Lebanon is a developing economy, with a private sector that contributes to 75 of aggregate demand and a large banking sector that supports this demand.

CHICAGO The biggest financial nightmare looming over the world economy is the insolvency of a large international bank.

In addition, various structural problems including large and growing income disparities are causing serious disequilibrium in the economy.

In a closed economy, to every credit there must a corresponding debt. But consider individual countries some run a large foreign debt, while others maintain a large creditor position.

During the Asian financial crisis of 1997 1998, South Korea a relatively large emerging market economy received what was then considered a very large IMF rescue package 10 billion.

Despite another Conscription Crisis in Quebec in 1944, Canada finished the war with a large army and strong economy.

Large reserves of petroleum and natural gas were discovered in the 1960s, which led to a boom in the economy.

China still has large areas of underdevelopment and per capita income is a better measure of the sophistication of the economy.

A possible counterargument is that Greece has a large informal economy, so its actual GDP is larger than the official figure.

Kan continues to believe that a large government, with growing social welfare expenditures, is the way to get the economy moving.

Public funding also benefits a country s economy, because large employers are spared the expense of providing health benefits to their workers.

And restructuring weakens banks, which generally hold large portfolios of government bonds, thus making them less able to finance the economy.

However, as a large exporter, the economy was sensitive to the decrease of the demand in Germany and other trading partners.

Perennial weak points of Spain's economy include high inflation, a large underground economy, and an education system which OECD reports place among the poorest for developed countries, together with the United States and UK.

Because America s economy is so large, and the dollar so central to global finance, chronic US budget deficits mean huge global repercussions.

Second, Germany s experience with this kind of agency shows that it is impossible to sell off large parts of an economy simultaneously.

After all, faced with infinite quantitative easing, being a large net creditor means being in the worst position in today s global economy.

In China, the credibility of the incoming leadership will depend in large part on whether the economy can consolidate its soft landing.

Large current account imbalances continue to characterize the global economy, and a lower dollar would contribute to reducing the United States deficit.

Within five years or so, Asia s total economy could be as large as that of the United States and the European Union combined.

The implication is that the post crisis global economy will not be characterized by balance, but by a return to large macroeconomic imbalances.

Industralization further contributed to the demise of the family economy where the capitalist market encouraged production in large scale factories, farms and mines.

President Barack Obama, acting as if the latter scenario remains likely, is betting on large scale government spending to prop up the real economy.

This means that, unless government spending provides the demand bridge, the large non tradable part of the economy cannot drive growth and job creation.

Without first rate expertise in debt management, an economy implementing large scale public outlays risks crowding out private investment through overreliance on domestic savings.

Greece s underground economy, estimated to be as large as 30 of GDP, is already one of Europe s biggest, and it is growing by the day.

The fourth item concerns the fact that the global economy will be out of balance so long as the US runs large current account deficits.

The negative shock adversely impacts the non tradable sector, which is large (roughly two thirds of an advanced economy) and wholly dependent on domestic demand.

Whereas the Russian experience clearly demonstrated the importance of strong state institutions in regulating a market economy, the free market model s fierce ideological opposition to a large state role in the economy offered a poor guide to building them.

Because right now, our economy by and large operates as Paul Hawken said, by stealing the future, selling it in the present and calling it GDP.

But Germany s reforms took place in a much healthier global economy, and, when the initial divergences are large, it may take too long to restore growth.