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It could simply reinforce its long-standing export bias.
Most companies with an export bias are reporting good half-year figures (as are many consumer businesses that would normally suffer in a downturn).
(The German economy is more sensitive to developments in Asia than most other developed countries, because of its strong export bias).The argument of Edwards and some others is that the surge in commodity prices (and global economic activity) earlier this year was down to restocking.
Some contemporary analysts lamented the export bias of the network configuration, while opposing the "monopoly" of private British companies on nationalist grounds.
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While the overall anti-export bias in undeniable, there are interesting differences within agriculture.
The resulting anti-export bias and import substitution model had negative consequences for growth and economic performance.
While the anti-export bias impeded productivity growth in agriculture, the import substitution strategy was not successful in promoting industrialization.
These data are used to document the high degree of anti-export bias of Argentine trade policy.
In this scenario, free trade, ceteris paribus, worsens the distribution of income in Argentina, and this provides a distributional root for protection and anti-export bias.
Only relative prices matter and thus the anti-export bias in trade policy can arise by protecting the import competing industry or by directly taxing the export sector.
While the anti-export bias impeded productivity growth in agriculture, the import substitution strategy was not successful in promoting an efficient industrialization.
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