Imbalances
in sentence
916 examples of Imbalances in a sentence
In practice, however, there is no global leadership and severe disarray and disagreement among G-20 members about monetary and fiscal policy, exchange rates and global imbalances, climate change, trade, financial stability, the international monetary system, and energy, food and global security.
There are also major disagreements about whether to reduce global current-account
imbalances
– and about the role that currency movements should play in this adjustment.
While trade is supposed to be the primary driver of exchange rates, which should rise or fall to correct countries’ external imbalances, capital flows have grown to the point that their role in guiding exchange rates is now much larger.
In this context, market optimism about US growth could lead to ever-larger
imbalances
and possibly disrupt the international monetary system.
In 2010, former Bank of England Governor Mervyn King famously used the game of Sudoku to depict global savings imbalances, highlighting that the numbers in the table cannot be chosen independently.
The truth is that it is unlikely that the dollar-induced
imbalances
will be sustainable.
Not surprisingly, our survey group ranked chronic fiscal
imbalances
second among 50 global risks that are most likely to manifest themselves over the next ten years.
It is true that, historically, internal contradictions and
imbalances
have often led to interstate conflict.
At the same time, the financial
imbalances
and distortions that precede a crisis delay appropriate and necessary responses to technological and global market forces in the real economy as well.
Indian Prime Minister Manmohan Singh, underlining the importance of infrastructure investment, made the following proposal, which several leaders endorsed: “Recycling surplus savings into investment in developing countries will not only address the immediate demand imbalance, it will also help to address developmental
imbalances.
In other words, we should leverage
imbalances
of one kind to redress
imbalances
of the other kind.”
“We are growing free of
imbalances
and, in fact, gradually reducing our dependence on inflows of foreign exchange – that’s key.”
That approach has now been stymied by China’s mounting internal imbalances, a post-crisis slowdown in global trade, and an increase in China-focused protectionism.
Then, as now, there were differing perspectives on the cause of the global
imbalances.
Only when both sides make serious efforts to fix their domestic fundamentals will the
imbalances
be reduced in a serious and sustained way.
Having already surged on account of Iran-related geopolitical concerns, they are altering American consumers’ behavior, weakening their confidence, aggravating the country’s payments imbalances, and further reducing policymakers’ flexibility.
And yet many policymakers are insisting on immediate action to rectify not only fiscal deficits, but also trade
imbalances
and banks’ balance-sheet weaknesses.
In a weak global economic environment, China’s progress in addressing macroeconomic imbalances, while maintaining an annual growth rate of about 7%, was no small feat.
In every case, these
imbalances
were fueled by easily identifiable periods of euphoria and sudden asset-prices increases.
Those who suffer most from the crisis claim that the recent rescue plan should have come much earlier, and that economic
imbalances
in the EU have contributed to the debt crisis in some member states.
The pattern of current-account
imbalances
across the eurozone also plays a large role.
Until recently, the global
imbalances
problem was centered on China’s bilateral surplus with the US.
Not long ago, there was discussion of the dangers of a disorderly unwinding of the global economy’s massive
imbalances.
This is the strongest argument for subjecting China’s currency policies or large macroeconomic
imbalances
like Germany’s trade surplus to greater global discipline than currently exists.
Too much global political capital nowadays is wasted on harmonizing beggar-thyself policies (particularly in the areas of trade and financial regulation), and not enough is spent on beggar-thy-neighbor policies (such as macroeconomic imbalances).
These Davids depend on Western technologies to overcome
imbalances
of power, and are driven by a sense of real or imagined humiliation.
In any event, discriminatory tariffs will almost certainly fail to accomplish Trump’s stated goal: a reduction in the US’s bilateral trade
imbalances.
China’s problems are many: regional
imbalances
between its coastal regions and the interior, and between urban and rural areas; too much savings and fixed investment, and too little private consumption; growing income and wealth inequality; and massive environmental degradation, with air, water, and soil pollution jeopardizing public health and food safety.
Moreover, the recovery is not global, unemployment is still rising in most countries, global savings
imbalances
have not been addressed, and conditions in the worlds’ poorest states remain vulnerable.
A completely fixed exchange rate rules out monetary-policy initiative, and consequently makes adjustment to large external
imbalances
very difficult to carry out.
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