Yet there has been no consensus on what a new financial system should look like, and China's dependence on exports and enormous holdings of dollar-denominated assets give it a vested interest in the status quo, leaving China's leaders reluctant to pursue far-reaching changes.
Australia needs a more clearly articulated foreign policy and to acknowledge its enormous dependence on exporting to China.
"Interest rates are much too high, and we have an enormous dependence on foreign capital," said Lawrence Chimerine, chairman of WEFA Group, an economic forecasting firm in Bala-Cynwyd, Pa. Bala-Cynwyd, Pa
In Sub-Saharan Africa there is an enormous dependence on agriculture and the care of livestock as a source of employment, yet agriculture only contributes to 20% of national wealth and malnutrition among both adults and children is common.
There is an enormous dependence on parenteral therapy for treatment, both in the form of injections and infusion of drips, driven by cultural beliefs in the power of parenteral therapy.
"She had one enormous crush on him.
In fact, dependence on a world market produces enormous benefits, such as lower prices.
Yet it is also true that Detroit knows all too well the unforgiving self-interest of mobile, monopolistic capital the way that a city's dependence on a small number of enormous businesses makes a city vulnerable.
The challenge of deep decarbonization in China is especially difficult because of the country's enormous energy dependence on large, coal-fired power plants, and the rapidly growing demand for oil in the transportation sector.
But Gareth Evans, a former Australian foreign minister, has written of a "nightmare scenario" in which policymakers "are forced to choose between their great economic dependence on China and their still-enormous military reliance on the US".
