Global Imbalances and Domestic Inequality
Despite years of official talk about addressing global current-account imbalances, they remained one of the world’s main economic concerns in 2011. Indeed, some are increasing again, alongside inequality in many countries – a link that is no accident.
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WASHINGTON, DC – Despite years of official talk about addressing global current-account imbalances, they remained one of the world’s main economic concerns in 2011. Global imbalances were, to be sure, smaller overall than before the crisis, but they did not disappear. Now some are increasing again, alongside inequality in many countries. That link is no accident.