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dc.contributor.authorFrieden, Jeffry
dc.date.accessioned2018-01-23T19:16:26Z
dc.date.issued2009
dc.identifier.citationFrieden, Jeffry. 2009. "Global Imbalances, National Rebalancing, and the Political Economy of Recovery." Working Paper, Council on Foreign Relations Center for Geoeconomic Studies.en_US
dc.identifier.urihttp://nrs.harvard.edu/urn-3:HUL.InstRepos:34722200
dc.description.abstractGlobal macroeconomic imbalances—massive borrowing by some countries and massive lending by others—drove the financial boom and bubble that eventually burst into the current crisis. These imbalances are now shrinking, creating a new risk—this time, a political one. Nations that have relied on foreign borrowing to fuel government and household spending will have to cut back drastically; nations that have relied on exports as the engine of economic growth will have to rely less on foreign markets; in both cases, powerful interests will be threatened. In this Center for Geoeconomic Studies Working Paper, produced in association with the CFR's International Institutions and Global Governance program, Jeffry A. Frieden reviews the historical record on the political fallout from the unraveling of macroeconomic imbalances. He warns that the coming adjustments may test the capacity of national governments and international institutions to maintain an open international economic order.en_US
dc.description.sponsorshipGovernmenten_US
dc.language.isoen_USen_US
dc.publisherCenter on Foreign Relationsen_US
dc.relation.isversionofhttp://www.cfr.org/international-finance/global-imbalances-national-rebalancing-political-economy-recovery/p20464en_US
dash.licenseMETA_ONLY
dc.titleGlobal Imbalances, National Rebalancing, and the Political Economy of Recoveryen_US
dc.typeResearch Paper or Reporten_US
dc.date.updated2012-07-31T15:11:14Z
dc.description.versionVersion of Recorden_US
dc.relation.journalCGS/IIGG Working Paper Seriesen_US
dash.depositing.authorFrieden, Jeffry
dash.embargo.until10000-01-01
workflow.legacycommentsoap.needmanen_US
dash.contributor.affiliatedFrieden, Jeffry


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