Imbalances
in sentence
916 examples of Imbalances in a sentence
They are the only way to reconcile China’s continued need for industrialization with the world economy’s requirement of lower current-account
imbalances.
Yet China’s problems extend beyond structural
imbalances
to two types of cyclical macroeconomic risks.
Though current-account
imbalances
have generally fallen since the financial crisis began, they have not reversed.
It will encourage the reemergence of global
imbalances.
Little did these countries know that their divergent paths would end up fueling large global imbalances, and eventually trigger a financial crisis that has shaken the prevailing international economic order to its foundations.
Global
imbalances
and currency misalignments could well wreck the global recovery and push the world into the protectionist mire.
For more than 20 years, this mutually beneficial codependency has served both countries well in compensating for their inherent saving
imbalances
while satisfying their respective growth agendas.
Africa’s Integration ImperativeKarl Marx predicted that states would wither away in anticipation of an idyllic communist society capable of auto-regulating economic
imbalances
and empowering the masses.
These
imbalances
can be redressed only with great effort, if at all, and only if one accepts a decade of stagnation.
The system of economic governance that we put in place guarantees that EU members put their public finances in order, increase their competitiveness, and tackle their macroeconomic
imbalances.
But while this might temporarily satisfy some segments of these countries’ populations, it will ultimately make matters worse, by curbing global demand, exacerbating structural
imbalances
(including trade imbalances), and eventually leading to recession for all.
Unlike the old days, the threat of currency wars is not directly related to trade
imbalances
and balance-of-payments crises.
The risk is that the phenomenon leads to widespread disruptions, as increasingly difficult national policy challenges stoke regional tensions and the multilateral system proves unable to reconcile
imbalances
safely.
The Leave campaign’s strategy was therefore to open a Pandora’s box of resentments over regional imbalances, economic inequality, social values, and cultural change.
Emerging economies are also suffering from the effects of developed countries’ external
imbalances
– particularly the eurozone’s swelling current-account surplus.
The IMF has created an elaborate system of multilateral surveillance of major countries’ macroeconomic policies, including the “consolidated multilateral surveillance reports,” the spillover reports for the so-called “systemic five” (the US, the United Kingdom, the eurozone, Japan, and China), and the “external sector reports” assessing global
imbalances.
To be sure, China faces plenty of challenges of its own, owing partly to a growth model that produced significant
imbalances.
The reality is that, despite its imbalances, China’s economic rise over the last 40 years has been extraordinary, and was achieved by its successful policy of committed structural reform.
At the root of the problem are the structural trade and current-account
imbalances
that arise from the so-called Triffin dilemma: in order to meet global demand for the US dollar as a reserve currency, the United States must run persistent current-account deficits with the rest of the world.
It would have been reasonable, beginning in 2004, for those worried about current-account
imbalances
to propose that China voluntarily allow some appreciation in exchange for, say, the US putting its fiscal house in order.
Political and/or electoral risk can be found in all of them, loose fiscal policy in many of them, and rising external
imbalances
and sovereign risk in some of them.
All politics is local, and there is no local constituency for the global economy, so what triumphs often erodes global
imbalances
further.
Unlike hunger or land mines, the cause of rectifying global trade
imbalances
will not touch the public enough to attract the donations that are necessary to keep NGOs afloat.
After all, the advanced countries’ slower growth is not the consequence of voluntary self-limitation, but of our superior standard of living – and of our incapacity to settle our own economic
imbalances.
Because those deficits are the primary cause of America’s current-account deficit – and thus of global
imbalances
– the health-care debate’s outcome will affect governments and investors around the world.
On the big issues underlying the global financial crisis – the problem of current-account
imbalances
and deciding which countries should adjust, and reconciling financial reform with a pro-growth agenda – the IMF cannot say much more, or say it more effectively, than it could before the crisis.
First, a global monetary system based on precious metals does not resolve the fundamental
imbalances
of a global economic system.
Global
imbalances
must be addressed more forcefully.
And, given the growing likelihood of additional trade barriers – as suggested by the US Commerce Department’s recent recommendations of high tariffs on aluminum and steel – the combination of protectionism and ever-widening trade
imbalances
becomes all the more problematic for a US economy set to become even more dependent on foreign capital.
China now confronts three structural
imbalances.
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