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In the editorial “Growth takes new direction” (Business Line, March 12) it has been mentioned that the relative importance of exports over domestic markets and the minimalist role of governments in the growth process itself are two driving principles of newly emerging economic growth models that the developed nations are reshaping under the fears of a general economic slowdown.

There is a shift in export markets due to the preparatory steps taken by the export-depended economies to sustain prosperity if the US economy contracts.

China’s exports to the US decreased from 20.4 per cent in the first quarter of 2007 to 12 per cent in the third, while that to India and other developing nations grew 20 per cent. The new colonialist China accounts for about a fifth of the world’s population, yet it gobbles up more than half of the world’s pork, half of its cement, a third of its steel and over a quarter of its aluminium.

T.V. Jayaprakash Palakkad

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