Document Type
Journal article
Source Publication
New Global Studies
Publication Date
7-1-2014
Volume
8
Issue
2
First Page
153
Last Page
176
Publisher
Walter de Gruyter GmbH
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
Language
English
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