"There will be some impact, however the direct impact from a United States slowdown is not very large, because the bulk of the Indian economy still caters to meeting domestic demand, not export demand," he said.
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Many multinationals will continue to build most of their new factories in emerging markets, not to export stuff back home but because that is where demand is growing fastest.
许多跨国公司会继续把大多数的新厂设在新兴市场国家，而不把这些产品再“出口”回国，因为当地的消费需求正在飞速增长。
Nor can Japan rely on exports for future growth; to the extent that it had enjoyed an export bubble, foreign demand will not return to its previous level.
日本不可能依靠出口实现进一步的增长；就日本受惠于出口泡沫这一点来说，国外需求不可能回到它原来的水平。
But Germany can be Germany - an economy with fiscal discipline, feeble domestic demand and a huge export surplus - only because others are not.
但德国之所以是德国——一个财政自律、内需疲软、出口顺差巨大的经济体——只是因为其它国家不是德国。
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