Since economic liberalization began in 1978, China's investment- and export-led economy has grown more than a hundredfold and is the fastest-growing major economy in the world.

Economists expect Japan's export-led economy to shrink about 1 percent this year and about the same next year.

These developments represent serious shocks to an export-led economy.

The economist said the move was part of Seoul's efforts to redesign its export-led economy and lay the groundwork for more balanced growth.

A slowdown in China's export-led economy, either because of internal political pressure or external resistance, would also reverberate globally.

Its primary purpose is to support South Korea's export-led economy by providing loans, financing mega projects and thereby facilitating economic cooperation with other countries.

The country emerged as one of the ten richest countries in the world, benefiting from an agricultural export-led economy as well as British and French investment.

At the same time, Thailand's export-led economy has been slowing sharply.

We cannot create stability by means of an export-led economy; we have been trying to do that, and it has not worked.