India's annual coffee consumption of about 85 grams per capita is tiny compared with the 4.1 kilograms consumed in the U.S., according the International Coffee Organization, an intergovernmental group of coffee importing and exporting countries.
Europe's travails suggest the outlook isn't much better: it will probably be importing less and exporting more, because of fiscal retrenchment and a lower euro, taking market share from American exporters.
Both acts defied three Security Council resolutions that bar North Korea from testing or using nuclear or ballistic missile technology and from importing or exporting material for these programs.
He suggested that Greece should start exporting more and importing less to turn its economy around.
It keeps Hamas from importing arms, exporting radicalism to the West Bank and firing rockets into Israel without fear of consequence.
By 2003, instead of importing electricity, the island was exporting it, and, by 2005, it was producing from renewable sources more energy than it was using.
Trade allows a country to shift its pattern of production in such a way that, after exporting those goods it does not want and importing those it does, it can consume more without there having been any increase in its available resources.
Gone, or at least modified, are the mercantilist policies of producing and growing to the max, financing high domestic investment with super-high domestic savings, exporting as much as possible, importing as little as necessary, and accumulating the difference in a big pile of foreign money.
And even as America and Europe are exporting pessimism to Asia's policymakers, they are importing goods from its factories.
ECONOMIST: Memories of 2008 are influencing Asia��s policymakers
When I talk about the axis of oil, what I refer to is a loose coalition of both major energy exporting nations and, on the other side of the market, a group of major energy importing nations for whom energy is providing the basis for a greater strategic collaboration, a collaboration that in many ways works against U.S. interests.
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