Entire book (383 pp., 880K)

June 2006
Editor: Jane Sneddon Little

Contents

Entire book (383 pp., 880K)

1. Introduction

Rebalancing Act: Global Imbalances in a Changing World
Jane Sneddon Little
Box: The Economic Importance of the Emerging Giants
Selva Bahar Baziki

2. Dancing with Giants: The Geopolitics of East Asia in the Twenty-First Century

Dancing with Giants: The Geopolitics of East Asia in the Twenty-First Century
Stephen W. Bosworth

3. Lessons from History

Losing Our Marbles in the New Century? The Great Rebalancing in Historical Perspective
Christopher M. Meissner and Alan M. Taylor, with discussion by Suzanne Berger and John F. Helliwell

4. Labor Market Imbalances

Labor Market Imbalances: Shortages, Surpluses, or What?
Richard B. Freeman, with discussion by Surjit S. Bhalla and Alan V. Deardorff

5. The Essential Complements to Capital

Capital and Its Complements in Economic Growth
J. Bradford DeLong, with discussion by Abhijit V. Banerjee and Lixin Colin Xu

6. Imbalances between Savings and Investment

Understanding Global Imbalances
Richard N. Cooper, with discussion by Guy Debelle and Laurence J. Kotlikoff

7. Adjustment Mechanisms

Interest Rates, Exchange Rates, and International Adjustment
Michael P. Dooley, David Folkerts-Landau, and Peter M. Garber, with discussion by Catherine L. Mann, with discussion by Eswar S. Prasad

8. Appropriate Adjustment Considerations and Policies

An Indian Perspective on Global Imbalances and Potential Policy Responses
Shankar Acharya

The Effects of Globalization on Inflation and the Implications for Monetary Policy
Donald L. Kohn

Five Policy-Relevant Observations and an Epilogue for 2008
Lawrence H. Summers