The economist’s characteristic response to a crisis is a positive one: they identify a central crucial factor, and generally this is something that can be put right. Economists rarely throw up their hands and say that it is all too difficult. This capacity to produce simple answers which purport to avoid further problems is, in one sense, admirable.
The trade policy aims to promote exports, which despite reaching $ billion in FY06 relative to averages of $ billion over early FY00, have to make more inroads to raise their share in world markets.