The Global Economic Imbalances: The Dangers of Not Rebalancing

Sharma Shalendra D. ()
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Sharma Shalendra D.: University of San Francisco, San Francisco, CA, USA; Lingnan University, Hong Kong

New Global Studies, 2014, vol. 8, issue 2, 153-176

Abstract: “Global imbalances” manifest in the large current account deficits and surpluses in the global economy and blamed by many for the global financial crisis of 2008 has become a source of much friction and discord among the G-20 economies. Rebalancing the global economy is essential to mitigating the divisions and promoting a more sustainable economic recovery. How and why did these imbalances emerge in the first place, what explains why rebalancing has proven to be so difficult, and what are the implications of failure? This paper addresses these interrelated issues.

Keywords: global economic imbalances; emerging economies; China’s currency; currency manipulation; US dollar (search for similar items in EconPapers)
Date: 2014
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DOI: 10.1515/ngs-2014-0020

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