Who Will Be Buying
I have pointed out a couple times how economies in trouble used "exports" to help. Japan was able to have a strong export market when their crisis first hit some 20 years ago. It certainly helped them even thought they are still having problems.
Vancouver used tourism to help the economy, outside money coming in.
What we have now is many countries needing "help" with their economies and all trying to tap into the very limited spending dollars out there, meaning the slice for each nation seems pretty slim. The G-20 countries all have the same idea, somehow increase their benefits from exports.
At least somone was on the ball in terms of how that's going to play out. I really liked this quote:
“If everyone’s expecting to export their way out of trouble, who will be buying?” said Alvin Liew, a Singapore- based economist for Standard Chartered Plc. “Countries may resort to inward-looking policies and protectionist sentiment.”