Global Imbalances and the Evolving World Economy
June 2006
Editor: Jane Sneddon Little
Conference volume published in 2008.
This conference entitled "Global Imbalances - As Giants Evolve" gathered economists, business leaders and policy makers from around the world to explore the fundamental structural changes underlying today’s large global imbalances. Participants considered the pressures and opportunities presented by China and India’s recent emergence as important actors in the global economy, and examined how demographic change and the ongoing evolution of the most advanced economies affect international resource flows.
Contents
Entire book (383 pp., 880K) 
1. Introduction
Rebalancing Act: Global Imbalances in a Changing World
Jane Sneddon Little
Box: The Economic Importance of the Emerging Giants
Selva Bahar Baziki
2. Dancing with Giants: The Geopolitics of East Asia in the Twenty-First Century
Dancing with Giants: The Geopolitics of East Asia in the Twenty-First Century
Stephen W. Bosworth
3. Lessons from History
Losing Our Marbles in the New Century? The Great Rebalancing in Historical Perspective
Christopher M. Meissner and Alan M. Taylor, with discussion by Suzanne Berger and John F. Helliwell
4. Labor Market Imbalances
Labor Market Imbalances: Shortages, Surpluses, or What?
Richard B. Freeman, with discussion by Surjit S. Bhalla and Alan V. Deardorff
5. The Essential Complements to Capital
Capital and Its Complements in Economic Growth
J. Bradford DeLong, with discussion by Abhijit V. Banerjee and Lixin Colin Xu
6. Imbalances between Savings and Investment
Understanding Global Imbalances
Richard N. Cooper, with discussion by Guy Debelle and Laurence J. Kotlikoff
7. Adjustment Mechanisms
Interest Rates, Exchange Rates, and International Adjustment
Michael P. Dooley, David Folkerts-Landau, and Peter M. Garber, with discussion by Catherine L. Mann, with discussion by Eswar S. Prasad
8. Appropriate Adjustment Considerations and Policies
An Indian Perspective on Global Imbalances and Potential Policy Responses
Shankar AcharyaThe Effects of Globalization on Inflation and the Implications for Monetary Policy
Donald L. KohnFive Policy-Relevant Observations and an Epilogue for 2008
Lawrence H. Summers
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