English, Article, Journal or magazine article edition: U.S., China, and the Unraveling of Global Imbalances Minqi Li

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Bookmark: http://trove.nla.gov.au/version/199611
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • U.S., China, and the Unraveling of Global Imbalances
Author
  • Minqi Li
Physical Description
  • preprint
Notes
  • Since 2003, world economic growth has accelerated and there has been strong improvement in corporate profitability. The <st1:country-region w:st=​"on">U.S.</​st1:country-region> current account deficits and <st1:place w:st=​"on"><st1:country-region w:st=​"on">China</​st1:country-region></​st1:place>’s dramatic economic rise have been the two pillars underpinning the current global economic expansion. The coming years are likely to see the unraveling of the external and internal imbalances of the <st1:place w:st=​"on"><st1:country-region w:st=​"on">U.S.</​st1:country-region></​st1:place> economy and the Chinese economy has been characterized by excessive dependence on investment and exports. Whether global economic expansion can be sustained to a large extent depends on whether the Chinese economy can be successfully restructured to be led by domestic consumption and to effectively address the question of long-term ecological sustainability. <span style=​"font-size: 12pt; font-family: "Times New Roman";"> <span style=​"font-size: 12pt; font-family: "Times New Roman";">
  • Neoliberalism; Global Economy; US Current Account Deficit; Chinese Economy; Peak Oil
  • RePEc:uma:periwp:wp146
Language
  • English
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