More importantly, the country is much less vulnerable to external shocks than it used to be.
Some Latin American nations have used counter-cyclical policies to cushion the effects of external shocks.
Economic restructuring is essential if these economies are to cope better with external shocks in the future.
By making domestic demand more resilient, East Asia would then be less vulnerable to future external shocks.
The priority for the new programme of action is to build strong economies that can withstand external shocks.
This is a necessary step to develop an economy that's more resilient in the face of external shocks.
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These economies are therefore more resistant to external shocks than is generally thought.
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To further protect the camera from impact, high-performance damping material has been added to protect the lens unit from external shocks.
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The main drawback of a currency union is the loss of an independent monetary policy to cushion the economy against external shocks.
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Protection against external shocks gave Poland's policymakers plenty of room for manoeuvre.
And positive external shocks (such as a rise in the price of an exported commodity) tend to hasten growth that quickly fizzles out.
Beijing strictly controls cross-border capital movements as part of its effort to preserve savings at home and protect its banking system from external shocks.
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"The economy has less momentum going into 2013 than initially thought, making it vulnerable to external shocks, " Mr. Hoffman said in a research note.
These factors represent strong defenses against external shocks, at least theoretically.
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That makes the economy more exposed to external shocks, such as swings in confidence among the foreign investors who fund the bulk of the deficit.
Yet it remains very poor, and unduly vulnerable to external shocks.
The outer body of the EX-G1 is made from stainless steel to withstand external shocks while a polycarbonate cover absorbs shocks to the body side near the shutter.
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The housing market and the larger economy were still subject external shocks including the debt ceiling debate, the European Crisis and unexpectedly strong austerity by State and Local governments.
The ECB is now concerned that inflation will shift from being about the external shocks of high oil and food prices, to something that has become entrenched in the economy.
Any country that abolishes its own currency needs to have an economy that is strong and flexible enough to accommodate external shocks, since it cannot ride them out by printing money.
This is the value of an exchange-rate peg in an economy such as Hong Kong's: adjustment to external shocks takes place through changes to domestic prices, rather than through exchange-rate levels.
As for the corporate sector, the Central Bank of Russia has said that the deleveraging of 2009-10 has made Russia companies more resilient to external shocks that trigger higher foreign borrowing costs.
"The authorities' programme is intended to support Ukraine's return to economic and financial stability, by addressing financial sector liquidity and solvency problems, by smoothing the adjustment to large external shocks and by reducing inflation, " said Mr Strauss-Kahn.
By emphasising low interest rates (good for indebted companies but bad for savers) and low wages (ditto) to help companies out of their mess, Japan's economy has depended too much on exports and is now worryingly vulnerable to external shocks.
Guillermo Perry, the World Bank's chief economist for Latin America, says Chile is better placed than any other country in the region to absorb external shocks, thanks to its well organised budgetary institutions, prudent fiscal management (a surplus every year since 1989) and tight banking supervision.
The Fed is one of those places where cooler heads prevail and we might all be in for a surprise if the statement simply notes that the weekend downgrade provided one of those external shocks it has previously warned against and that it would now monitor the impact on consumer and business confidence going forward.
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Towards the end of Hussein's life, this system was already creaking, hit by several external economic shocks.
But others were concerned that the deal could limit Air France's flexibility in responding to external market shocks.
Deregulation would help, by making it easier to sell services (such as residential care) to the elderly, by freeing up finance to allow them to make better use of their savings, and by encouraging more competition in the domestic economy so that it can withstand the inevitable shocks to external trade.
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