in Oxford Review of Economic Policy
January 2012; p ublished online September 2012 .
Journal Article. Subjects: International Trade; Macroeconomics: Consumption, Saving, Production, Employment, and Investment; Macroeconomic Aspects of International Trade and Finance; International Finance. 5986 words.
The global economic crisis of 2008–9 followed by the euro area sovereign debt crisis of 2011–12 has revealed the need for global rebalancing. Economies with current account surpluses need...