High oil prices created a rarity for the country's export-driven economy: three consecutive months of trade deficits.
Six years ago, the Government committed itself to transforming its export-driven economy into one led by consumer demand.
The falling dollar is taking Western Europe's export-driven economies with it.
The export-driven economy has swung sharply from large trade surpluses in years past to a trade deficit so far this year.
What I also think is that export-driven economies will be fairly happy if they continue exporting regardless of internal consumption levels.
So, export-driven economies need exports to continue while they make structural changes to boost internal consumption.
While there is still enormous room for improvement, these changes have transformed the United States into an export-driven economy for the first time in history.
The program is intended to increase Japanese demand for foreign goods by stimulating the country's export-driven economy.
That, in turn, impairs the position of these export-driven economies.
Today Taiwan has a dynamic, capitalist, export-driven economy with gradually decreasing state involvement in investment and foreign trade.