Imbalances are back on the global agenda
Policymakers must overcome the mercantilist fallacy that the way to get rich is by running surpluses forever
Related reading
Why global imbalances matter
They lie at the intersection of almost everything that matters in geoeconomics and geopolitics
When financial and geopolitical waves collide
We are living in a ‘barbell’ world where international threat meets technological opportunity
The Fed’s delicate balancing act over liquidity
Optimism and greed complicate the central bank’s decisions during market disruptions
We are living in the age of asymmetry
Power flows less from size or wealth than from the ability to convert imbalance into leverage
Beware populist economics
History suggests the political approach ends in unsustainable debt and lower GDP
Price controls make a troubling return to the mainstream
Governments should focus more on boosting supply and productivity