China will likely learn from this crises of the WEST in order to build up and serve its own local (sometimes) pent-up demand.
Will America and Western economists (and statesmen) be that shrewd in 2009 and onward?
NOTES
Krugman, Paul, "An Iraqi Recession", http://krugman.blogs.nytimes.com/2008/01/29/an-iraq-recession/?scp=1-b&sq=krugman+war+recession&st=nyt&apage=2#comments
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