Trade imbalances are not the problem

Continued fiscal stimulus, restrictions on capital flows and declining global imbalances will define the world economic order, according to the (mostly) shared view of economists Jagdish Bhagwati and YV Reddy.
With roads like this, surpluses won't last long
With roads like this, surpluses won't last long
March 23, 2011

With economic liberalisation, free capital flows and the efficiency of financial markets under increasing scrutiny, critics are asking whether the recipe used by policymakers during the past three decades is sustainable.

¬ Haymarket Media Limited. All rights reserved.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Related Articles

Renminbi rally puts Beijing in a bind

A stronger currency suits Beijing's global ambitions, but threatens exporters. Economists warn the PBOC's latest intervention reveals a delicate balancing act.
November 05, 2026

Kazakhstan taps Renminbi bond market

The issuance of a sovereign panda bond, in addition to a dim sum bond from the Development Bank of Kazakhstan, will give the country Renminbi benchmarks.
September 15, 2026