A growth slowdown is hardly shocking for an export led economy.

An undervalued currency enables an economy to integrate into the world economy on the basis of strong export performance.

With Belarus s economy crumbling and its export markets withering, Russia could exploit Lukashenko s vulnerability.

This is no surprise for an export led economy dependent on faltering global demand.

The country s economy remains unable to make optimal use of relatively high energy export revenues.

A cut in export guarantees would put the Iranian economy and Ahmedinejad in real jeopardy.

So a recession in Europe would cause a slowdown in China s export dependent economy as well.

Under these conditions, export led growth by major economies is a threat to the world economy.

Meanwhile, the faltering European economy and slowing GDP growth in China and elsewhere are impeding export demand.

Transforming China from an export driven economy to one that relies on domestic consumption requires two fundamental reforms.

With domestic demand still weak, more export demand is just what the doctor ordered for an anemic economy.

As the example of export subsidies shows, the two models can co exist happily in the world economy.

Without that exchange rate adjustment, faster export growth would expose the Chinese economy to the risk of overheating.

It is hoped that an increase in Pitcairn's food export business will add substantially to the Territory's economy.

Rubber has been produced in Samoa for many years, but its export value has little impact on the economy.

During the last 20 years, the export of this product, along with other commercial activities, has propelled the local economy.

An undervalued currency enables an economy to integrate into the world economy on the basis of strong export performance. It stimulates production (and hence employment), unlike overvaluation, which stimulates consumption.

The economy is based on agriculture, and more than one third of GDP and 90 of export revenues come from this.

The economy of Sri Lanka relied on the export of agricultural commodities and low end manufacturing such as textiles and apparel.

Europe is export led China s largest source of external demand as China goes, so goes the rest of China centric Asia and, from there, the ripples reach the shores of an increasingly export dependent US economy.

On the one hand, the euro protected the eurozone, particularly Germany s export economy, from speculative attacks and the chaos of currency volatility.

Indeed, the US has overtaken China as Japan s main export market, as America s economy, too, recovers from half a decade of sluggishness.

Nor is a US that cuts back on import purchases more rapidly in the interest of any export oriented developing economy including China.

The economy of Suriname is dominated by the bauxite industry, which accounts for more than 15 of GDP and 70 of export earnings.

A growth slowdown is hardly shocking for an export led economy. But China is in much better shape than the rest of the world.

By contrast, even Latin America's star performer, Chile, remains largely a resource based export economy, with a heavy concentration in copper and agricultural exports.

In the early 2000s, the economy showed strong export based growth of 5 to 10 , with industrial production growing more than 10 per year.

Prior to the Seven Years' War (1756 63), the economy of Saint Domingue gradually expanded, with sugar and, later, coffee becoming important export crops.

With the Chinese economy far less threatened by export led weakening than it was three and a half years ago, a hard landing is unlikely.

Difficult economic times will make it hard to generate support for trade pacts, despite the current importance of export oriented firms for the American economy.

The crisis also revealed the structural weaknesses of the economy, reflected in the restricted policy options of the central Government and the narrow export base.

The German authorities feared that the country s export oriented economy would suffer from the wide exchange rate swings that are the norm for global reserve currencies.

He was also concerned about the livestock export ban, because it was detrimental to the economy and it was adversely affecting Somali traditional way of life.

But the effectiveness of a fixed exchange rate is determined by how developments in the export sector influence domestic industries and the national economy as a whole.

Sustained high growth is enabled by and requires engagement with the global economy that goes beyond simply being able to produce for a potentially massive export market.

In some cases enclaves of faster export growth emerged in the extractive sectors, usually tied to FDI, but with weak linkages to the rest of the economy.

As China s economy grows relative to the economies of its trading partners, the efficacy of its export led growth model must inevitably fade. As a corollary, the returns on massive infrastructure investment, much of which is directed toward supporting export growth, must also fade.

A successful export strategy hinges not on how much countries export, but on what they export and how their export sectors are integrated with other domestic economic activities.

In short, the isolation of the export sector from the rest of China s economy, caused by the dominance of FDI, accounts for the illusion of an undervalued renminbi.

BEIJING Today s financial crisis and looming global recession are challenging China s export driven economic model as never before in the 30 years since Deng Xiaoping opened the economy.

Even though the export sector had managed to attract FDI, it had failed to establish sustainable linkages with other sectors of the economy such as industry and manufacturing.

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