China needs to reorient its economic strategy away from a traditional reliance on net export-led growth to a domestic demand-led growth strategy.

WHITEHOUSE: Via Telephone

The overall net balance for export activity in the three-month period was 0%, significantly worse than the 9% of the previous quarter and the 10% balance recorded in June-August last year.

BBC: Scottish economy 'still sluggish' says Lloyds TSB report

The overall net balance for projected export activity in the next three months was -3%, in contrast to 5% in the previous quarter and a huge drop from the 21% balance recorded in the same quarter last year.

BBC: Scottish economy 'still sluggish' says Lloyds TSB report

The study ran numerous scenarios, looking at costs of production and world prices, and found that there were net benefits to the US economy under all export scenarios, even where exports were modeled as unlimited.

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But, far from supporting the recovery, our export sector actually pulled it down in 2012, with net exports subtracting about 0.8 percentage points from the annual rate of growth.

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The depreciation in sterling over the past year should support net exports, but the prospects for demand growth in the UK's main export markets have worsened.

BBC: Central banks' official statements

Several Japanese auto makers in the U.S., which abandoned Japanese production because of the high yen, say they will soon become net exporters from the U.S., hiring Americans to build cars for export even as "domestics" like GM move toward Chinese imports.

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So too will pressure on Russia to tighten the loopholes in its export controls that have repeatedly allowed missile and related technologies to slip through the net.

ECONOMIST: First, build the coalition. Then, think what to do

For example, if Canadian jobs are being created to export oil to China while Canadians themselves consume some other form of energy, that's still a net increase in employment from tar sands.

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