The global economic imbalances : the dangers of not rebalancing

Shalendra D. SHARMA

doi:10.1515/ngs-2014-0020

The global economic imbalances : the dangers of not rebalancing

Shalendra D. SHARMA^*

^*Corresponding author for this work

Lingnan University

Research output: Journal Publications › Journal Article (refereed) › peer-review

3 Citations (Scopus)

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 language	English
Pages (from-to)	153-176
Number of pages	24
Journal	New Global Studies
Volume	8
Issue number	2
Early online date	6 Jun 2014
DOIs	https://doi.org/10.1515/ngs-2014-0020
Publication status	Published - Jul 2014

Bibliographical note

Publisher Copyright:
© 2014 by Walter de Gruyter Berlin / Boston 2014.

Keywords

China's currency
currency manipulation
emerging economies
global economic imbalances
US dollar

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10.1515/ngs-2014-0020

https://commons.ln.edu.hk/sw_master/23/Licence: CC BY-NC-ND

Cite this

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The global economic imbalances : the dangers of not rebalancing

Abstract

Bibliographical note

Keywords

Access to Document

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