English, Article, Journal or magazine article edition: Neoliberalism, Global Imbalances, and Stages of Capitalist Development Andong Zhu; Minqi Li

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Bookmark: http://trove.nla.gov.au/version/199625
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Neoliberalism, Global Imbalances, and Stages of Capitalist Development
Author
  • Andong Zhu
  • Minqi Li
Physical Description
  • preprint
Notes
  • This paper examines certain structural macroeconomic relations in the neoliberal global economy. The current global economy rests upon three unsustainable trends: the debt-driven U.S. consumption expansion; China’s excessive investment expansion; and the large and rising U.S. current account deficits. When these trends are eventually reversed or corrected, there could be major upheavals in the world economy. The decline of neoliberalism may pave the way for a new set of economic, political, and social institutions.
  • Neoliberalism, U.S. Economy, Chinese Economy, Imbalances, Long Waves
  • RePEc:uma:periwp:wp110
Language
  • English
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