Tag: Global Imbalances

Chinese Growth and the Question of Economic Rebalancing

Chinese Growth and the Question of Economic Rebalancing

As far back as 2007, then premier Wen Jiabao described the Chinese economy as “unstable, unbalanced, uncoordinated and unsustainable”. Although the statement raised eyebrows at the time, Mr. Wen’s words seem to have done little to temper the optimism-infused consensus on China’s expected growth rate in the coming years.  One reason for this (apart from […]

EU-ACP Joint Council of Ministers Begins June 6th

EU-ACP Joint Council of Ministers Begins June 6th

The EU-ACP Joint Council of Ministers is set to begin in Brussels today, June 6th, and will last until tomorrow. It takes place in the wake ACP Council of Ministers, which was held from the 4th to the 5th of June. Officials from the 79 ACP (Africa, Caribbean, Pacific) states will meet with ministers from […]

“The Death-Sprial of Mercantilism” A perspective on the current global macro environment

“The Death-Sprial of Mercantilism” A perspective on the current global macro environment

Hendry writes: “We still see the global economy grotesquely distorted by the presence of fixed exchange rates, the unravelling of which is creating financial anarchy, just as it did in the 1920s and 1930s. Back then the relevant fixes were around the gold standard. Today is it the dual fixed pricing regimes of the euro countries and […]