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Transpacific Rebalancing: Implications for Trade and Economic Growth

Transpacific Rebalancing: Implications for Trade and Economic Growth

Paperback

AccountingBusiness GeneralInternational Relations

ISBN10: 0815722605
ISBN13: 9780815722601
Publisher: Brookings Institution Press
Published: Jan 20 2015
Pages: 284
Weight: 1.09
Height: 0.71 Width: 6.92 Depth: 9.10
Language: English

Persistently large external imbalances in the world economy contributed to the outbreak of the recent financial crisis. The current account imbalances were particularly severe among the economies that border on the Pacific--the United States ran large deficits, with offsetting surpluses in East Asia. The depth and breadth of the global recession also demonstrated the need for a coordination of national policies to achieve a sustained recovery.

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Bosworth, Barry P.

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Accounting