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You searched for: Content Type Policy Brief Remove constraint Content Type: Policy Brief Publishing Institution Carnegie Endowment for International Peace Remove constraint Publishing Institution: Carnegie Endowment for International Peace Publication Year within 10 Years Remove constraint Publication Year: within 10 Years Topic Globalization Remove constraint Topic: Globalization
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  • Author: Uri Dadush
  • Publication Date: 02-2011
  • Content Type: Policy Brief
  • Institution: Carnegie Endowment for International Peace
  • Abstract: The current emphasis on global rebalancing—which aims to reduce trade deficits and surpluses—is misguided. Trade deficits and surpluses narrowed significantly during the Great Recession, can be financed and eased over time, and are largely the result of domestic forces—making further global rebalancing unlikely. The obsession with global rebalancing stokes currency and protectionist tensions and diverts attention from what is really needed—reforms at home. Rather than focusing on global rebalancing, countries should concentrate more on fixing their domestic problems and expanding their domestic demand at the maximum sustainable rate.
  • Topic: Debt, Globalization, International Trade and Finance, Global Recession, Financial Crisis
  • Author: Uri Dadush, Vera Eidelman
  • Publication Date: 11-2010
  • Content Type: Policy Brief
  • Institution: Carnegie Endowment for International Peace
  • Abstract: The Great Recession included five major surprises: (1) the severity of the global trade and output collapse, (2) the United States suffered a milder than expected recession, (3) Europe saw the onset of a severe sovereign debt crisis, (4) China grew at an extraordinary rate even though it's greatly dependent on exports, and (5) Latin America showed remarkable resilience.
  • Topic: Economics, Globalization, Global Recession, Financial Crisis
  • Political Geography: United States, China, Europe, Latin America