Wednesday, May 6, 2026

Global Current Account Imbalances

Rethinking Global Imbalances
https://www.project-syndicate.org/commentary/global-imbalances-reflect-deliberate-chinese-strategy-not-poor-coordination-by-jean-pierre-landau-and-sebastien-jean-1-2026-07
Today’s global imbalances, starting with China's massive trade surplus, are not simply the result of poor macroeconomic coordination. Rather, they reflect long-term strategic thinking and a departure from the bias toward openness on which the postwar trade order was built.