The global economic imbalances : the dangers of not rebalancing

Shalendra D. SHARMA*

*Corresponding author for this work

Research output: Journal PublicationsJournal Article (refereed)

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.
Original languageEnglish
Pages (from-to)153-176
Number of pages24
JournalNew Global Studies
Volume8
Issue number2
Early online date6 Jun 2014
DOIs
Publication statusPublished - Jul 2014

Fingerprint

Economics
Rebalancing
Global economy
Imbalance
Economic recovery
Friction
Surplus
Global financial crisis
Global imbalances
Current account deficit

Keywords

  • global economic imbalances
  • emgerging economies
  • China's currency
  • currency manipulation
  • US dollar

Cite this

@article{b54b7ccea1d5437a9e824e558bb05f8d,
title = "The global economic imbalances : the dangers of not rebalancing",
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, emgerging economies, China's currency, currency manipulation, US dollar",
author = "SHARMA, {Shalendra D.}",
year = "2014",
month = "7",
doi = "10.1515/ngs-2014-0020",
language = "English",
volume = "8",
pages = "153--176",
journal = "New Global Studies",
issn = "1940-0004",
publisher = "Walter de Gruyter GmbH",
number = "2",

}

The global economic imbalances : the dangers of not rebalancing. / SHARMA, Shalendra D.

In: New Global Studies, Vol. 8, No. 2, 07.2014, p. 153-176.

Research output: Journal PublicationsJournal Article (refereed)

TY - JOUR

T1 - The global economic imbalances : the dangers of not rebalancing

AU - SHARMA, Shalendra D.

PY - 2014/7

Y1 - 2014/7

N2 - “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.

AB - “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.

KW - global economic imbalances

KW - emgerging economies

KW - China's currency

KW - currency manipulation

KW - US dollar

UR - http://commons.ln.edu.hk/sw_master/23

U2 - 10.1515/ngs-2014-0020

DO - 10.1515/ngs-2014-0020

M3 - Journal Article (refereed)

VL - 8

SP - 153

EP - 176

JO - New Global Studies

JF - New Global Studies

SN - 1940-0004

IS - 2

ER -