But at this moment, due to 30 years of integration of their economy into the global system, they are particularly vulnerable.
More generally, the coming strife will shape the debate about the integration of the world economy.
High growth rates, the emergence of large middle classes in countries like China and India, the continuing integration of the global economy--all this is powered by energy.
As Russia and the other countries of the former Soviet Union move their economies away from the inefficient autarky of the Soviet era towards a more efficient integration with the world economy, considerations of trade and investment will prevail over other forces.
While rejecting traditional parties and institutions, President Correa supports the development of regional alliances and South American integration, which include the development of an economy independent of foreign investment.
"The full integration of Russia into the global economy is in the interests of Russia and is also in the interests of the United States, " she said.
The longer-term challenge for the Fed and other central banks is to build a new monetary-policy framework that takes account of recent structural changes in the global economy, such as the integration of China.
ECONOMIST: Yesterday's financial architecture needs refurbishing
But the recent steps to facilitate cash management will cut costs for foreign corporations operating onshore, accelerate the integration of the yuan into the global economy, and boost offshore liquidity.
It is clear that Russia understands the importance of greater integration with the global economy, including links with the WTO, OECD and the EU and making itself more attractive to both foreign investment and talent.
Policies and measures to help the progressive integration of poor countries into the world economy are among issues to be discussed by an intergovernmental body laying the groundwork for the Third United Nations Conference on Least Developed Countries, to be held next year.
First, as the examples of China, Poland, Romania and others have demonstrated, greater integration into the global economy and large-scale infusions of Western capital, technology and investment into command economies do not automatically assure a transition into market-based reforms and necessary levels of political liberalization.
BJP-led government has wasted most of the past 13 months congratulating itself that India has not been much affected by East Asia's economic turmoil (no wonder, given the economy's lack of integration with the outside world), it has belatedly started to offer some useful reforms.
Bulgaria is a modernizing country, and I know that the Prime Minister is interested in a range of reforms to create an open and transparent government, to improve trade and commerce between our two countries, as a leader in the Balkans in moving towards further integration with Europe and the rest of the world economy.
Finally, he discussed how open borders, integration and the threat of foreign competition increases efficiency in an economy.
Underpinning this development is the integration of half the world's population into the global market economy, and the deepening and broadening of the capital and derivative markets.
This premature integration gave the Chinese the best of both possible worlds a nonmarket economy inside the global trade club.
Some of this confusion reflects a widespread misunderstanding about how China's integration into the world economy affects prices in the rich world.
ECONOMIST: Why China is not to blame for the surge in global inflation
He is known for pushing through reforms to the Czech Republic's economy after the fall of Communism and is a staunch opponent of EU integration.
The integration of China's 1.3 billion people will be as momentous for the world economy as the Black Death was for 14th-century Europe, but to the opposite effect.
That third party is telling everyone of the level playing field and the economy of scale benefits it will have, but another manufacturer is moving ever closer to full integration of the hardware and software, threatening Samsung.
FORBES: With Android, Have Samsung Learned From Their Symbian Mistakes?
应用推荐