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Global rebalancing: Effects on trade and employment

Mayer, Jörg - In: Journal of Asian Economics 23 (2012) 6, pp. 627-642

A sustained reduction of global current-account imbalances must include a decline in the share of household consumption in aggregate demand in the United States and the opposite development in China. Accordingly, import demand would decline in the United States and increase in China. Given...

Persistent link: https://www.econbiz.de/10011042797