Abandoning the euro currency would have significant costs, especially for Germany as a heavily export-oriented economy.
He says he wants an open, export-oriented economy, kind to small and medium-sized entrepreneurs.
First, it is, as befits a sop to public opinion, a good one for Taiwan's export-oriented economy (see article).
It further confirms that China is on track to transition from a construction and export-oriented economy to a consumer-oriented economy.
The strengthening in the yen throws a spanner in the works for the Japanese government, which has been trying to weaken the currency in hopes of reviving the battered, relatively export-oriented economy.
China is in a cyclical slowdown phase currently because it is digesting the investment it has made so far, but for the long term we are bullish as it begins to rebalance away from an export-oriented economy to one much more focused on domestic consumption.
WSJ: Pimco's Guiding Asia-Pacific's Investor Evolution: Ki Myung Hong
As every foreign investor knows, China is changing from an export driven economy to a more consumer-oriented one.
The yuan's acceptance among investors would also require the kind of reform China needs to wean its economy from its investment-heavy, export-oriented growth model.
Investors are dumping the currency because the Canadian economy is widely perceived as commodity-based and export-oriented at a time when commodity prices are depressed and export markets are sluggish.
Despite a well diversified and large economy, a gradual loss of competitiveness has eroded its export-oriented industrial base.
The fact is, even in this depressed world situation, economies that are export oriented, high-tech and can expand domestic services - including mixed-economy health services - are growing.
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