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Global Imbalances in the World Economy

Alexander Apokin


Abstract: The paper reviews an evolution of key political and economic hypotheses in the literature from 1993 to 2007 related to emergence, stability and correction mechanisms of the so-called "global imbalances" which are connected to the US trade deficit. The special "counterweighting" role of sovereign wealth funds in possible mechanisms of global imbalances’ correction in medium- and long-term perspective is considered.

Date: 2008
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Handle: RePEc:nos:voprec:2008-05-4