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In search of elusive domestic demand

机译：寻找难以捉摸的内需

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Conversations about South-East Asia's economic performance tend to revolve around trade. A double-digit surge in exports helped to lift the region's growth to 6.3% last year. This year, a slowdown in exports, along with a bigger bill for oil imports, will cut growth to 5% or so. Economists hope that growing demand for electronic components and other exports will put growth on a rising path once more next year. But one thing is clear: "The region," says Tim Condon of ing bank, "remains export-driven." It was not supposed to be this way. After the Asian crisis of 1997, when plunging currencies, free-falling asset prices and bankrupt banks had brought regional economies to a standstill, various national leaders-most notably Thaksin Shinawa-tra of Thailand-declared that South-East Asia should not look solely to exports to resuscitate its economic fortunes. Instead, Mr Thaksin argued, governments should try to revive domestic consumption, which would help insulate the region from the vagaries of the world economy.
机译：有关东南亚经济表现的讨论往往围绕贸易展开。去年出口实现两位数增长，使该地区的经济增长达到了6.3％。今年，出口增长放缓，加上石油进口费用增加，将使增长率降低至5％左右。经济学家希望，对电子元件和其他出口产品的需求不断增长，明年将使增长再次走上增长的道路。但是有一点很明确：ING银行的蒂姆·康登（Tim Condon）说，“该地区”仍然是出口导向型。不应该这样。在1997年亚洲危机之后，当货币暴跌，资产价格自由下跌和破产的银行使区域经济陷入停顿时，各国领导人，尤其是泰国的他信·西那瓦（Thaksin Shinawa-tra）宣布，东南亚不应只看重出口以恢复其经济财富。他信认为，相反，各国政府应设法恢复国内消费，这将有助于使该地区与世界经济的动荡隔离。

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