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Article
The global economic imbalances : the dangers of not rebalancing
New Global Studies
  • Shalendra SHARMA, University of San Francisco, San Francisco, CA, USA; Lingnan University, Hong Kong
Document Type
Journal article
Publication Date
7-1-2014
Publisher
Walter de Gruyter GmbH
Keywords
  • global economic imbalances,
  • emgerging economies,
  • China's currency,
  • currency manipulation,
  • US dollar
Disciplines
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.

DOI
10.1515/ngs-2014-0020
Language
English
E-ISSN
19400004
Publisher Statement

Copyright © 2014, Walter de Gruyter GmbH

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Full-text Version
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Citation Information
Sharma, S. D. (2014). The global economic imbalances: the dangers of not rebalancing. New Global Studies, 8(2), 153-176. doi: 10.1515/ngs-2014-0020