-
America is such an important export market for both that neither would cope easily with such a loss of competitiveness.
ECONOMIST: How to slay America's monster trade gap?
-
Russia, in contrast, is no longer an important export market for most East European countries, so the risk of regional contagion is small.
ECONOMIST: Emerging-market measles
-
Until now, they have been concerned to stem the dollar's rise, but they will become less fixated about the greenback, suggests Mr O'Neill, when they realise that America is no longer such an important export market.
ECONOMIST: The dollar