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That leaves Britain's economy dependent on foreign demand.
Unaffordable housing points to high dependence on foreign demand.
First, rich countries, collectively, are relying too much on foreign demand as a source of growth.
But Malaysia, which is much more dependent on foreign demand, will be hit harder.
The recent surge in the yen has caused problems for Japanese exporters dependent on foreign demand.
The hope is that China is rebalancing, moving away from an economic model reliant on foreign demand.
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Germany is still addicted to foreign demand.
America's experience may prove different, but a slowdown in spending seems all too plausible.Addicted to American demandThe impact of this on the world economy depends on whether foreign demand picks up the slack.
Second, a closer look at the existing literature on the foreign demand for Egyptian agricultural exports shows that the majority of previous studies have ignored horticultural commodities in favour of other agrifood commodity groups, despite the fact that horticultural commodities are progressively making up an important proportion of Egyptian agricultural exports.
Just this morning, UK Retail Sales were down 0.6% in October and Forward Factory Expectations hit their lowest level since 2012 based on weak foreign demand.
BEIJING — Asian manufacturers face a challenging business climate in the coming months, surveys released Friday suggested, with China's huge factory sector managing only a shallow rebound at the start of 2013 as feeble foreign demand dragged on sales.
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