Economic Rebalancing Acts

Rebalancing the US China Economic Relationship

China s Rebalancing Act

Rebalancing the Eurozone

Asia s Rebalancing Act

Rebalancing the State s Balance Sheet

There is one obvious and important caveat Poor Sino Japanese relations, owing to unresolved historical grievances, could prevent Japan from realizing the economic benefits implied by China s economic rebalancing.

Low inflation is already a serious obstacle to economic recovery and rebalancing within the eurozone. Outright deflation would be an even more dangerous threat.

By rebalancing , I meant creating more balance among the three components of our organization the economic and ecological dimension, the human dimension and, of course, the political and military dimension.

Technological progress has trumped obstacles to economic growth. Periodic political rebalancing, sometimes peaceful, sometimes not, has ensured that the vast majority of people have benefited, albeit some far more than others.

That s what happened 30 years ago, when economic reform began. 160 And it needs to happen again today. 160 For China, a soft landing will provide a window of opportunity to press ahead with the formidable task of increasingly urgent economic rebalancing.

MADRID Economic globalization, together with a rebalancing of power between the world s north and south, has made developing countries, and many companies within them, key global economic actors. This provides a new rationale for strengthening the international framework to protect foreign investment.

This convergence will contribute to more sustainable economic growth, with Asia s economies rebalancing toward domestic demand, especially household consumption, and thereby becoming less vulnerable to external shocks. Given the decline in export demand since the global economic crisis, this shift could not be timelier.

BEIJING China s Central Economic Work Meeting, comprising top government decision makers, recently chose to continue the expansionary fiscal and monetary policy launched in the last quarter of 2008. But it also called for greater emphasis on transforming China s development pattern and rebalancing its economic structure.

But it is doubtful that China can achieve the consumption driven rebalancing that it seeks. After all, no high performing East Asian economy has achieved such a rebalancing in the past, and China has a similar growth model.

On their own, currency markets will not bring about the growth enhancing global economic rebalancing that is needed. Better policies at the national, regional, and global levels are also essential and that requires better politics.

Moran said The focus remains on rebalancing, shifting focus or whatever you want to describe it.

The economic benefits of rebalancing the global labor market are compelling the human costs of failing to do so are enormous. The imperative for businesses, educators, governments, and young people to take action could not be stronger.

Strategic transition is what modern China is all about. That s what happened 30 years ago, when economic reform began. And it needs to happen again today. For China, a soft landing will provide a window of opportunity to press ahead with the formidable task of increasingly urgent economic rebalancing.

The final quarter of 2004 saw remarkable success in rebalancing the budgets of the Government of Bosnia and Herzegovina.

The final quarter of 2004 witnessed remarkable success in rebalancing the budgets of the Government of Bosnia and Herzegovina.

In these circumstances, we need collective action for global recovery along four main policy lines repair, reform, rebalancing, and rebuilding.

Nevertheless, despite the merits of its analysis, the IMF underestimates China s progress in rebalancing. In my view, China s rebalancing is more genuine and more fundamental than the Fund recognizes, and the prediction of an eventual rebound in China s external surplus GDP ratio will most likely turn out to be wrong.

Add to that Xi s unprecedented anti corruption campaign, and there is no turning back on China s road to rebalancing and structural change.

Against this background, South Korea s new growth strategy should aim to achieve both a demand side rebalancing and supply side productivity increases.

Unfortunately, the IMF s rebalancing efforts are proceeding at a glacial pace. At the World Bank, nothing seems to be happening at all.

As a result, global economic rebalancing is likely to accelerate, almost inevitably giving rise to political tensions. With all of the problems confronting the global economy, we will be lucky if these strains do not begin to manifest themselves within the next twelve months.

In the worst case, have the government step in, borrow money, and buy stuff, thereby rebalancing the economy as the private sector deleverages.

I myself so to speak introduced the Slovenian chairmanship of the OSCE by saying that we need three R's reform, revitalization and rebalancing.

The most likely interpretation is that those at the top no longer want to concede anything when it comes to stability. By addressing economic instability through pro consumption rebalancing, and political instability by removing Bo, stability has gone from a risk factor to an ironclad commitment.

But at the margin, economic growth is heavily skewed toward exports and fixed investment as the primary means of absorbing surplus labor and spreading prosperity. In a post crisis world impaired by America s zombie consumers export led Asia is in serious need of a pro consumption rebalancing.

More fundamentally, reducing US involvement in Iraq and Afghanistan will permit a rebalancing of US foreign and defense policy. The two conflicts have absorbed a disproportionate share of the country s resources military and economic to be sure, but also the time and attention of policymakers and diplomats.

5. In the worst case, have the government step in, borrow money, and buy stuff, thereby rebalancing the economy as the private sector deleverages.

Massive external account imbalances were a major factor behind the global financial and economic crisis that erupted in 2008, as well as in the eurozone instability that followed. Now the world economy is in the process of rebalancing but not in a way that many people had expected.

At the same time, Chinese officials understand that further progress toward a services led economic rebalancing will stall without the talent, systems, experience, and scale of global multinational services providers. And who better to provide what is needed than the US the world s largest and most competitive services economy.

A joint rebalancing would help to fortify all facets of the EU US relationship, possibly catalyzing progress on the Transatlantic Trade and Investment Partnership. It would also strengthen the largest economies rule making capacity vis à vis the emerging economies, most notably China, in maintaining a liberal economic order.

The correction in US policy actually extends even to terminology. American diplomats have now abandoned the term pivot altogether, owing to its military connotation, in favor of rebalancing.

For starters, it reflects the enormous successes in economic development during the last four decades (the BRICS aggregate GDP is now greater than that of the advanced countries when the Bretton Woods institutions were founded) and the rebalancing of global economic power that this implies. Indeed, the decision demonstrates the BRICS ability and willingness to work together, for their own benefit and for that of the entire world.

As China satisfied its demand for safe assets, it turned to riskier foreign investments. It began rebalancing its economy from saving to consumption and from exports to domestic demand.

The third target of collective action, rebalancing, has two meanings. First, it means shifting demand back to the private sector when it is strong enough to carry the load.

Our two countries need to make every effort to strengthen our ties. This is why I support America s strategic rebalancing to enhance peace and security in the Asia Pacific region.

By allowing the private sector to flourish, and encouraging the shift toward a services oriented economy, China s government could bolster employment growth and, in turn, domestic consumption. As Li seems to recognize, structural rebalancing is needed not only to improve Chinese citizens wellbeing, but also to bolster economic and social stability at a time of profound global uncertainty.

Expanding South South trade and investment links could enhance the region s growth potential and contribute to global economic stability by promoting worldwide rebalancing. To facilitate this, developing Asia must work to reduce internal trade and investment barriers which remain higher than those in place vis à vis industrialized nations and continue to promote global and regional integration.

The Chinese rightly understand that they must focus more on the quality of growth rebalancing their economy away from exports and toward domestic consumption than on sheer output. But, even with China s change in focus, and despite adverse global economic conditions, growth of around 7 should sustain commodity prices, thereby benefiting exports from Africa and Latin America.

Now, however, with China rising, global power rebalancing, and the US worn down by two decade long wars that have eroded its credibility, the postwar international order is under intense strain.