The increasing number of plants(and hence production capacity) in Malaysia has transformed the country from being a net importer of major petrochemical products to being a net exporter.
With regard to exogenous demand, net exports(real exports minus real imports) continue to follow a moderate upward trend due to steady developments in overseas economies, and public investment remains at a high level reflecting the progress in the implementation of the supplementary budget for fiscal 1999.
Energy self-sufficiency in North America- which is expected to become a net exporter of energy this year- and increasing LNG trade are also over time expected to have fundamental impacts on global energy flows.
With regard to exogenous demand, net exports(real exports minus real imports) continue to follow an upward trend due to steady developments in overseas economies, and public investment has started to pick up reflecting the progress in the implementation of the supplementary budget for fiscal 1999.
External Demand(Net Export) The growth rate of exports during the month of November has rapidly slowed down, but this was a reaction against the October growth of 15.5 percent in exports and 20.8 percent in imports over the same period of the previous year.
With regard to exogenous demand, net exports(real exports minus real imports) continue to follow an upward trend due to an upturn in overseas economies, and public investment has started to pick up reflecting the progress in the implementation of the supplementary budget for fiscal 1999.
On Dec. 6, U.S. government figures showed the country had become a net exporter of crude oil and refined products for the first time on record, underscoring how the surge in production has altered the supply equation in world markets.
With regard to exogenous demand, net exports(real exports minus real imports) continue to follow a moderate upward trend due to steady developments in overseas economies, and public investment is picking up reflecting the progress in the implementation of the supplementary budget for fiscal 1999.
Specifically, it is the sum of consumer spending(including the use of software, hardware, the internet, and e-commerce), public spending(including infrastructure investment), the private sector's investment in internet technology, and the net export of the internet-related goods and services.
In this context, some market participants seem to be expecting that, against the background of increases in employee income, private consumption will increase sharply and take the place of business fixed investment and net exports as the driver of economic growth.
The authors suggest that policymakers in countries that are net exporters of emissions-intensive goods could consider whether some of the costs of more stringent local environmental regulations can be passed on to consumers in net importing regions.
On the recent rebound in the yen's exchange rate, many members expressed the view that the development had not been accompanied by any improvement in Japan's economic fundamentals. The members remarked that, considering the fact that net exports were the only possible source of an economic recovery, a higher yen could add to the downward pressure on the economy.
In evaluating the competitiveness, the international competitiveness coefficient-- the net export value relative to the sum of export and import values-- is calculated for Japan's merchandise representatives. Among them, there are items that continue to be highly competitive under the appreciating yen, but there are also other items that lost competitiveness even before the yen's appreciation started Chart 18.
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