It is nice when world governments act so quickly to illustrate the processes we discuss in class. Last Thursday we focused on macroeconomic policy coordination as a solution to global current account imbalances. The Group of 20 met this weekend in South Africa and agreed the following:
"We also agreed that an orderly unwinding of global imbalances, while sustaining global growth, is a shared responsibility involving: steps to boost national saving in the United States, including continued fiscal consolidation; further progress on growth-enhancing reforms in Europe; further structural reforms and fiscal consolidation in Japan; reforms to boost domestic demand in emerging Asia, together with greater exchange rate flexibility in a number of surplus countries; and increased spending consistent with absorptive capacity and macroeconomic stability in oil-producing countries."
IPE @ UNC
IPE@UNC is a group blog maintained by faculty and graduate students in the Department of Political Science at the University of North Carolina at Chapel Hill. The opinions expressed on these pages are our own, and have nothing to do with UNC.
Bookshelf
Tags
Blog Archive
-
▼
2007
(142)
-
▼
November
(21)
- Real Estate Bubbles, Moral Hazard, and Financial S...
- Petrodollars '00 Style
- Happy Thanksgiving
- Le Compression Grand
- G20 and Global Imbalances
- Craziest Sentence I Read Today
- The Best Sentence I've Read Today
- China's Current Account Surplus and the Yuan
- The Distributive Consequences of International Trade
- The Soaring Euro: Imitation is the Sincerest Form ...
- Krugman on the Dollar and Current Account Adjustment
- Dollars per Second for High-Earning Americans
- Time Erodes all Meaning, or the Irony of TV
- Congress Votes on the Peru FTA
- The Dollar and the Housing Market, Again
- Weak Dollars, Subprime Messes, and Monetary Policy...
- Subsidizing the Royal Farm
- Government Debt Clock
- Who Exactly are the Vultures?
- Globalization and Inequality
- The Natural Resource Curse
-
▼
November
(21)
Sunday, November 18, 2007
G20 and Global Imbalances
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment