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by recapitalising the west, china, and other emerging economies can preserve their export markets by helping the world's richest economies weather the storm and prevent a drawn out recession, or even depression .
china, and emerging economies, countributed to this crisis and are suffering the consequences as their financial markets and export sectors decline .
the economic crisis of 2008 is rootead in the so-called global imbalances , whereby the west borrowed too much, funded by associan savings .
borrowing of these magnitudes will result in future tax rises and higher interest rates which could stymie economic growth .
- Emerging hopes 2008-10-20 00:15:02