Description
Examines the causes and consequences of the shift in economic power caused by high growth rates in Asia and the shifting of Eurasia's economic center of gravity.
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Aslund (Peterson Institute for International Economics, US) and Dabrowski (chairman, Supervisory Council of the Center for Social and Economic Research, Poland) laud the economic growth that they see as a result of economic globalization but worry about significant macroeconomic imbalances that it has engendered. They present ten papers that explore these imbalances and possible solutions. Contributions discuss the large current account deficits of Central Europe, current account deficits in Europe's Economic and Monetary Union, a new model for analyzing balance of payments in an integrated world economy, the United States external deficit and its connection to US savings and investment, the Chinese account surplus and its connection to the country's financial system, potential roadblocks to smooth European-Chinese economic relations, and the impact of national institutional differences on economic growth. Annotation ©2009 Book News, Inc., Portland, OR (booknews.com)
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