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For more than a decade, economists and other observers of the financial markets have become increasingly concerned about the growing and persistent imbalances in the world economy. In something of a reversal of its prior role, the United States, the world's richest nation, has become an international borrower, running large trade deficits and accumulating a substantial net negative international asset balance. CED's work on international finance traces the evolution of the current large global trade and financial imbalances, examines their sources, and makes recommendations that, if adopted, will help ensure continued growth in the global economy.
"Bringing the benefits of globalization to all economies also requires a better international multilateral program to protect against imbalances. CED has offered recommendations for both the United States and our trading partners that will – if adopted – avoid shocks and lead to a healthier global economy."
- Joseph Kasputys, CED Trustee, Founder of IHS Global Insight and Chairman of China Monitor, Inc. |
What's NewCommentary Thursday, May 12, 2011 Why Is Global Competition Good for Detroit Yet Bad for Nantucket? By Charles Kolb for Huffington Post
A recent Time Magazine cover story addressed whether the United States was in serious decline or still had better days... read moreMonday, March 15, 2010 Sarkozy and Obama Pursuing a Shared Policy Agenda Written by Charles Kolb and Ioanna Kohler for the Huffington Post
Can American president Barack Obama and French president Nicolas Sarkozy strengthen the ties between our... read moreMonday, March 30, 2009 G-20 Leadership Needed to Help Developing Countries By Elliot Schwartz and Charles Johnson
The G-20 summit will not piece together the intricacies of the global financial system overnight. The April 2 meeting of... read moreEvents Wednesday, December 8, 2010 Policy Luncheon Featuring Justin Vaïsse
On Dec. 8, CED and the French-American Foundation hosted a round-table discussion with Justin Vaïsse, Director of Research for the Center on the United States... read moreFriday, September 17, 2010 Sebastian Mallaby Kicks off CED Policy Luncheon Series
CED Trustee Roger Ferguson, President and Chief Executive Officer of TIAA-CREF (right), listens as Sebastian Mallaby presents his remarks on hedge funds.
CED was honored to... read moreThursday, July 24, 2008 CED Co-Chair Joseph Kasputys Testifies Before U.S. House of Representatives
L-R: Fred Bergsten, Joseph Kasputys, Walter Williams.
CED Co-Chair Joseph Kasputys testified before the House Committee on Financial Services on the "Implications of a Weaker Dollar... read moreReports Friday, September 7, 2007 Reducing Risks from Global Imbalances 2007
This report traces the evolution of the current large global trade and financial imbalances, examines their sources, and makes recommendations that, if adopted, will help... read moreWednesday, May 17, 2000 Russia: Prospects for Economic Renewal A U.S.-Russian Business Dialogue on New Forms of Economic Partnership (2000)
This paper compiles highlights from remarks by participants at the U.S.-Russian Business Dialogue on May... read moreMonday, May 8, 2000 Improving Global Financial Stability 2000
This report concludes that the failure of developing country governments and international financial institutions to adapt to changing markets helped trigger some of the world’s... read more |
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