THE GLOBAL IMBALANCES: WHAT IS THE PROBLEM?
"In the 2007 Wincott Lecture the author argues that global current account imbalances are an indication of 'intertemporal trade'. Savings and investment, both private and public, determine the imbalances. He expounds Richard Cooper's argument that it is perfectly natural for the USA to have a big deficit and suggests that the large Chinese surplus may be temporary." Copyright (c) 2008 The Author. Journal compilation (c) Institute of Economic Affairs 2008.
Year of publication: |
2008
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Authors: | Corden, Max |
Published in: |
Economic Affairs. - Wiley Blackwell. - Vol. 28.2008, 2, p. 53-58
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Publisher: |
Wiley Blackwell |
Saved in:
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