1990s and 2000s witnessed the emergence and substantial growth of large and
persistent current account surpluses in some countries and large current
account deficits in others, often referred to as global imbalances. Not even the
global financial crisis of 2008 has managed to do away with these imbalances.
While the crisis initially shrank the imbalances as global output and trade collapsed
in 2009, global imbalances started widening once again following the recovery
in 2010. These, as well as the debate on their origins and ways to resolve them,
are now back on the international finance agenda.
So far, the discussion
about global imbalances has chiefly focused on Asia and the United States. While
Europe’s current account has been broadly in balance, the cumulative current
account surplus in China has amounted to about 2.3 trillion dollars while the
rest of emerging Asia has accumulated another 1.5 trillion dollars in surpluses
since 1990. Japan, outpaced by China, has run substantial current account
surpluses as well, about 3 trillion dollars. When taken together the surplus of
all emerging Asia, including China, doe...
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The Sales Managers' Indexescovering all major Asian, African and Latin American emerging markets, plus North America.
World Price IndexPPP exchange rates for the worlds top 10 economies.
Regular Key Papers on Economic Data
and much more...