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The government has meddled in wheat production since 2006 by raising export taxes and setting export quotas.
At the beginning of this year China reduced its rare earth export quotas to all countries, while raising export taxes on some rare earths to 25 percent, from 15 percent previously.
Once it became clear that the easiest path to success for Britain's New World "plantations" lay in raising export crops, there was a constant demand for agricultural labour, which in turn spurred practices that with the notable exception of slavery compromised a strictly hierarchical social order.
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The second five-year plan will focus on raising exports and building cross-cultural ties, including with Japan and China, Mr. Lee said.
Meanwhile, some investors have warned that other Asian countries could also try to weaken their currencies as a means of raising exports, setting off a "currency war".
Overall growth is tepid, raising exports is proving difficult and, in addition, the economy must replace jobs in shrinking traditional industries with ones higher up the value chain.
The government's targets include doubling the efficiency of existing social spending in four years, and raising exports by 10% a year.But there is still plenty of room for disagreements.
The rate cut, the third this year, lowered the overnight call rate charged to commercial banks from 4.75percentto4.5percentcent amid hopes that business and industry would respond to easier access to credit by increasing production and raising exports.
Deficit countries should increase national savings, Mr. Geithner wrote in a letter outlining the proposal, by stabilizing their public indebtedness over the medium term and raising exports, while surplus countries "should undertake structural, fiscal and exchange-rate policies" to increase domestic demand.
Earlier this month, China's finance ministry raised export taxes to 25 percent from 15 percent for some of the most crucial rare earths.
The new head of YPFB says that Bolivia will raise export prices to Argentina and Brazil.Demand for gas in Brazil is rising sharply.
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