III. Implications of Asia’s Regional Supply Chain for Rebalancing Growth
Author: International Monetary Fund. Asia and Pacific Dept
Language:
English
Keywords:
REO; economy; price; China; export; rate; China-supplier economy; vertical integration; export competition; export similarity index; exports to the United States; Real effective exchange rates; Exchange rates; Trade balance; Competition; Asia and Pacific; Global

Abstract

Persistent global imbalances are raising concerns about the long-term sustainability of strong growth in Asia and across the world. Although current account imbalances in key countries declined in 2010, global imbalances are set to widen again over the medium term, as highlighted in the April 2011 World Economic Outlook. A sustained strengthening of private domestic demand will be needed for Asia to contribute to the resolution of global demand imbalances. Greater flexibility of real effective exchange rates would be an important part of the package of measures that would help to reduce large external surpluses.

Within Same Series

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Other Publishers Content

Cover Regional Economic Outlook, April 2011, Asia and Pacific
Regional Economic Outlook, April 2011, Asia and Pacific
Managing the Next Phase of Growth
Author: International Monetary Fund. Asia and Pacific Dept
ISBN:
9781616350628
ISSN:
2071-4149
Publication Date:
28 Apr 2011
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781616350628.086
Pages:
85