China s Rebalancing Act

Rebalancing the Eurozone

Economic Rebalancing Acts

Asia s Rebalancing Act

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

Rebalancing the State s Balance Sheet

Rebalancing the US China Economic Relationship

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.

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.

For China, accepting lower growth provides a crucial opportunity to support stable and sustainable development. If China s leaders stay the course of reform and rebalancing, the entire global economy will be better off.

The impact of globalization has brought about a rebalancing of power, but the demand for justice, transparency, and legitimacy remains constant. The global problems of our times necessitate cooperation, political will, and sacrifice.

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.

Rebalancing also involves a global demand switch from external deficit countries to those running large current account surpluses. With lower spending and higher savings in the advanced economies, key emerging markets must take up the slack and start providing the demand needed to power the global recovery.

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.

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.

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

A global savings glut would suggest that rebalancing the world economy requires policies to boost America s savings rate and to increase non US households consumption. But what the world economy is facing is not a savings glut, but an investment deficiency.

In part, the answer seems to lie in the potential for rebalancing the global economy, but it also requires a reawakening of those dulled sensibilities that separate rich from poor, the advantaged from the disadvantaged, the free from the oppressed.

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.

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 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.

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.

MUNICH With global rebalancing set to be high on the agenda at the next G 7 and G 20 meetings, Germany, with its persistent export surplus, will again come under pressure to boost domestic demand and household consumption. But the German consumer is a sideshow.

Moreover, it is only a localized effort at rebalancing a global intellectual property (IP) regime that is tilted heavily toward pharmaceutical interests at the expense of social welfare. Indeed, there is a growing consensus among economists that the current IP regime actually stifles innovation.

Asia s ongoing transformation rooted in the long term conviction that more equitable, inclusive, and increasingly knowledge led growth will help to reduce poverty and offer greater prosperity to its citizens requires a short term commitment to mitigating any global economic slowdown caused by new shocks. It also demands determined efforts to reduce global imbalances by rebalancing Asia s own sources of growth.

But the challenge of rebalancing the global economy is also closely connected to central banks monetary policies. With credit and asset bubbles slowly but surely reappearing, the authorities goal should be to keep growth on a balanced and sustainable path and thus to discouraging excessive risk taking.

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.

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.

Although rules on shadow banking have yet to be formulated, another problem exposed by the crisis has abated America s external deficit has shrunk to a much more manageable 2 3 of GDP, accompanied by drops in the surpluses run by Japan and China. Global trade rebalancing has arrived.

That leaves external demand, which underscores what is perhaps Abenomics most serious strategic flaw It does not take into consideration some of the biggest changes that are likely to occur in the global economy. That is a great pity, because Japan is well positioned to take advantage of one of the most powerful global trends the coming rebalancing of the Chinese and US economies.

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.

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

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

But that misses the entire point surplus countries must contribute no less than deficit countries to global and regional rebalancing, because the world economy cannot export to outer space. This argument was always emphasized when the Chinese surplus was deemed excessive, but it is virtually ignored when it comes to northern Europe.

Moreover, as people s incomes rise, they might more easily be persuaded to adopt healthier and more environmentally friendly diets than those taken up in the developed world. The double burden of malnutrition with hunger existing alongside obesity, diabetes, and other diseases of overconsumption clearly shows the increasing importance of global dietary rebalancing.

Against this background, US claims that its strategic rebalancing is not about containing China are not particularly convincing. Indeed, the US is pursuing a strategy of primacy in Asia, not a partnership between equals, and this, together with China s own internal tensions, is undermining China s ability to participate productively in regional and global forums.

In other words, the savings glut (as former US Federal Reserve Chairman Ben Bernanke called it) predated the crisis and could continue to affect global demand, unless the emerging countries middle class provides the global economy with a new consumer of last resort. This is likely to happen eventually but, despite efforts by the US and the International Monetary Fund in the context of the G 20, this rebalancing process has not yet been completed.

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.

Although parsing the 2014 2015 oil price shock is not as straightforward as in the two previous episodes, the driving forces seem to be roughly evenly split between demand and supply factors. Certainly, a slowing China that is rebalancing toward domestic consumption has put a damper on all global commodity prices, with metal indices also falling sharply in 2015.