Summary of Rebalancing a Lopsided Global Economy

Looking for the report?
We have the summary! Get the key insights in just 5 minutes.

Rebalancing a Lopsided Global Economy summary
Start getting smarter:
or see our plans

Rating

8

Qualities

  • Comprehensive
  • Analytical
  • For Experts

Recommendation

Experts point to significant economic disparities among the advanced and emerging markets, but G-20 leaders consider inequities in a nation’s current account – which gauges domestic savings versus investment – as the greatest potential threat to the world economic framework. Researcher Adam Triggs assesses the efficacy of the G-20’s proposals to mitigate the current account gaps spread across the globe. getAbstract suggests this comprehensive and technical report to economists and public policy analysts.

About the Author

Adam Triggs is a visiting researcher at the Brookings Institution.

 

Summary

Beginning in 2000, the current account imbalances of the major economies accelerated at an alarming rate, creating a “lopsided global economy.” A nation’s current account represents the gap between the money it saves and the money it invests domestically. Economists say that the growth in international imbalances triggered “unsustainable booms in credit and asset prices” that paved the way for the Great Recession.

In 2008, G-20 leaders publicly announced a policy architecture designed to correct the current account disparities between countries. That framework evolved to...


More on this topic

Customers who read this summary also read

The China-U.S Trade War and Future Economic Relations
8
Between Debt and the Devil
9
And the Weak Suffer What They Must?
8
The American Economy
7
World Economic Outlook Update, July 2017
8
World Economic Outlook April 2017
7

Related Channels

Comment on this summary