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Global Rebalancing

Global Rebalancing
Author: Yongzheng Yang
Publisher: International Monetary Fund
Total Pages: 33
Release: 2011-10-01
Genre: Business & Economics
ISBN: 1463922612

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While global rebalancing will mainly involve structural realignment among major advanced and emerging market economies, it could have significant impact on low-income countries (LICs). Simulations using a global general equilibrium model show that a more balanced global economy would tend to improve the current account balance in LICs with limited impact on domestic output. However, there could be adverse terms of trade effects on some LICs as the prices of manufactured goods rise. On the other hand, such prices increases could provide an impetus to export diversification in many LICs, raising growth in the long run. The output and terms of trade effects would be significantly amplified if structural adjustment is impeded by factor immobility and other rigidities.


China's Global Rebalancing and the New Silk Road

China's Global Rebalancing and the New Silk Road
Author: B. R. Deepak
Publisher: Springer
Total Pages: 257
Release: 2018-01-10
Genre: Social Science
ISBN: 9811059721

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This collaborative volume​ discusses the One Belt One Road, or the New Silk Road, initiative of Chinese President Xi Jinping from the perspectives of the Belt and Road countries. This initiative has been viewed as a re-globalization drive by China in the backdrop of financial crisis of the West and the latter’s increasingly protectionist tendencies of late. Rather than ‘rebalancing’ towards a certain region, this is supposed to be China’s ‘global rebalancing’ aimed at inclusiveness and a win-win partnership. The initiative has raised hopes as well as suspicions about China's goals and intentions; that is, whether this is in sync with China’s foreign policy goals, such as multipolarity, no hegemonic aspirations, and common security, or if this is an antidote to the U.S. foreign policy goals in the region, and China’s ambition to realizing its long-term vision for Asian regional and global order. In this volume, a galaxy of eminent academics from India, China, Pakistan, Uzbekistan, Germany and Southeast Asia have critically analysed every aspect of this mammoth project, including the six major economic corridors identified by China for policy coordination, infrastructure connectivity, unimpeded trade, monetary circulation, and people to people exchanges. The authors have interpreted China’s peripheral, regional as well as global diplomacy both over land and sea. This topical volume is of interest to scholars and students of Asian studies, China studies, Asian history, development studies, international relations and international trade.


The Great Rebalancing

The Great Rebalancing
Author: Michael Pettis
Publisher: Princeton University Press
Total Pages: 256
Release: 2014-10-26
Genre: Business & Economics
ISBN: 0691163626

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How trade imbalances spurred on the global financial crisis and why we aren't out of trouble yet China's economic growth is sputtering, the Euro is under threat, and the United States is combating serious trade disadvantages. Another Great Depression? Not quite. Noted economist and China expert Michael Pettis argues instead that we are undergoing a critical rebalancing of the world economies. Debunking popular misconceptions, Pettis shows that severe trade imbalances spurred on the recent financial crisis and were the result of unfortunate policies that distorted the savings and consumption patterns of certain nations. Pettis examines the reasons behind these destabilizing policies, and he predicts severe economic dislocations that will have long-lasting effects. Demonstrating how economic policies can carry negative repercussions the world over, The Great Rebalancing sheds urgent light on our globally linked economic future.


Rebalancing the Global Economy

Rebalancing the Global Economy
Author: Stijn Claessens
Publisher: CEPR
Total Pages: 215
Release: 2010-08
Genre: Economic policy
ISBN: 1907142118

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The purpose of this electronic book is to provide policymakers and their advisers with up-to-date, comprehensive analyses of the central facets of global economic imbalances and to identify and evaluate potential national and systemic responses to this challenge. To break down the many facets of this collective economic challenge, leading experts were asked to address one of the following policy-relevant questions. 1. How large are contemporary current account imbalances? Why do they persist? 2. What are the systemic costs of imbalances? 3. What are the lessons from previous attempts to rebalance the global economy? 4. What would rebalancing entail? Which policies must change? Is collective action needed? 5. What is the political viability of proposals to rebalance national economies? 6. Are new system-wide accords needed to promote rebalancing or to discourage persistent imbalances? www.voxeu.org/reports/global_imbalances.pdf


Global Rebalancing

Global Rebalancing
Author: Mr.Hamid Faruqee
Publisher: INTERNATIONAL MONETARY FUND
Total Pages: 0
Release: 2013-08-09
Genre: Business & Economics
ISBN: 9781475573664

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This book examines imbalances in seven major economies: China, France, Germany, India, Japan, the United Kingdom, and the United States, evaluating key indicators agreed on by the G20 for identifying large imbalances, including public and private debt and private saving, and countries external position. The chapters describe a suite of corrective steps tailored for each country that, if implemented, could improve prospective economic outcomes, creating sustainable and balanced growth for these economies and serving as a model for other G20 countries.


The Great Rebalancing

The Great Rebalancing
Author: Michael Pettis
Publisher: Princeton University Press
Total Pages: 257
Release: 2014-10-26
Genre: Business & Economics
ISBN: 1400852269

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How trade imbalances spurred on the global financial crisis and why we aren't out of trouble yet China's economic growth is sputtering, the Euro is under threat, and the United States is combating serious trade disadvantages. Another Great Depression? Not quite. Noted economist and China expert Michael Pettis argues instead that we are undergoing a critical rebalancing of the world economies. Debunking popular misconceptions, Pettis shows that severe trade imbalances spurred on the recent financial crisis and were the result of unfortunate policies that distorted the savings and consumption patterns of certain nations. Pettis examines the reasons behind these destabilizing policies, and he predicts severe economic dislocations that will have long-lasting effects. Demonstrating how economic policies can carry negative repercussions the world over, The Great Rebalancing sheds urgent light on our globally linked economic future.


Rebalancing the Global Economy

Rebalancing the Global Economy
Author: Stijn Claessens
Publisher:
Total Pages: 204
Release: 2010
Genre: Economic policy
ISBN:

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This new eBook aims to provide policymakers and their advisers with up-to-date, comprehensive analyses of the central facets of global economic imbalances and to identify and evaluate potential national and systemic responses to this challenge.--Publisher description.


Imbalance and Rebalance

Imbalance and Rebalance
Author: Yang Li
Publisher: Springer
Total Pages: 266
Release: 2017-10-05
Genre: Business & Economics
ISBN: 9811061505

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This book focuses on global financial systems. After summarising historical financial institutions, it subsequently uses economic and econometrical models to analyse the strengths and weaknesses of these institutions and their role in the history. Readers, especially international readers, will be introduced to prominent Chinese scholars’ ideas and views on these issues. The perspective of this book is, of course, a Chinese one. As such, readers will learn how Chinese people view global financial systems, even those dominated by the West, what they think about future global finance, etc. As such, the book offers intriguing and revealing insights for researchers and a broader readership alike.


Westlessness

Westlessness
Author: Samir Puri
Publisher:
Total Pages: 0
Release: 2024-07-25
Genre: Political Science
ISBN: 9781399722636

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The receding of Western power is speeding up, shaking the ground under our feet. In 'Westlessness', Dr Puri vividly demonstrates how in demographic, economic, military and cultural terms, we are hurtling into a far more diverse global future. Many of our certainties about the present, built on centuries of massive Western global impact, are increasingly fragile. Nothing is linear and nothing is predictable. Untold wealth is moving from the West to the East, as nations like India and Indonesia are set to reach new heights of growth and confidence. China continues its ascent to the peak of the economic mountain - but are cracks appearing? BUT will the Western world, (under the aegis of US global military, economic, technological and cultural power) give up its privileged position willingly? Are we ready, professionally and personally, to adapt to a much more diverse global future?


Rebalancing Society

Rebalancing Society
Author: Henry Mintzberg
Publisher: Berrett-Koehler Publishers
Total Pages: 166
Release: 2015-01-05
Genre: Political Science
ISBN: 1626563195

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Enough of the imbalance that is causing the degradation of our environment, the demise of our democracies, and the denigration of ourselves. Enough of the pendulum politics of left and right and paralysis in the political center. We require an unprecedented form of radical renewal. In this book Henry Mintzberg offers a new understanding of the root of our current crisis and a strategy for restoring the balance so vital to the survival of our progeny and our planet. With the collapse of the communist regimes of Eastern Europe, Western pundits declared that capitalism had triumphed. They were wrong—balance triumphed. A healthy society balances a public sector of respected governments, a private sector of responsible businesses, and a plural sector of robust communities. Communism collapsed under the weight of its overbearing public sector. Now the “liberal democracies” are threatened—socially, politically, even economically—by the unchecked excesses of the private sector. Radical renewal will have to begin in the plural sector, which alone has the inclination and the independence to challenge unacceptable practices and develop better ones. Too many governments have been co-opted by the private sector. And corporate social responsibility can't compensate for the corporate social irresponsibility we see around us “They” won't do it. We shall have to do it, each of us and all of us, not as passive “human resources,” but as resourceful human beings. Tom Paine wrote in 1776, “We have it in our power to begin the world over again.” He was right then. Can we be right again now? Can we afford not to be?