It ought to be poised for an export-led boom: it has a hugely competitive exchange rate, good infrastructure and has had a decade of high investment in plant and machinery.

ECONOMIST: Argentina's economy

Its problems were caused by a burst property bubble and can be solved, the Germans hope, by export-led growth.

ECONOMIST: Germany and the euro: We don't want no transfer union | The

And the last point is we think we need to rebalance our economy in order to succeed globally, because if the United States is going to be a high-wage, high-performance export-led economy, it needs to do three things that the other successful wealthy industrialized exporting countries have done.

WHITEHOUSE: President Obama Meets with Economic Recovery Advisory Board | The White House

America's large external deficit could be sustained for years as Asian central banks kept their currencies cheap in order to foster export-led growth.

ECONOMIST: Global imbalances