Document Type

Journal article

Source Publication

New Global Studies

Publication Date

7-1-2014

Volume

8

Issue

2

First Page

153

Last Page

176

Keywords

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

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

Print ISSN

21946566

E-ISSN

19400004

Publisher Statement

Copyright © 2014, Walter de Gruyter GmbH

Access to external full text or publisher's version may require subscription.

Full-text Version

Accepted Author Manuscript

Recommended Citation

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