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Having experienced the current crisis, emerging nations may redouble their determination to export capital and another bubble could be inflated.
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Also illuminating is his close analysis of the impact that the White House's idées fixes had, not just on the Iraq war but also on other foreign policy problems like North Korea, and his detailed examination of the formative role that the former Soviet dissident Natan Sharansky played in shaping President Bush's determination to try to export democracy around the world.
The argument is that these surplus countries have fostered the crisis through their single-minded determination to pursue export-led growth.
Export behaviour is defined in a dual way: as a probability for a firm to export and as the propensity to export for the exporting firms.
"You have to export.
"EUROPE needs to import to export".
China plans to export the chips too.
"We don't need to export drugs.
Negative values correspond to export.
Now time to export!
Don't forget to export!
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