Daily Archives: January 27, 2011

Around five years ago, concerns over global imbalances between emerging and developed countries were rising in discussions among policymakers and economists. More recently, the rhetoric has escalated, with dark rumblings about currency wars or trade wars, talk of capital controls, or threats of other forms of uncooperative behaviour splashed on the front pages. Despite these new flashpoints, we think much of the debate is missing the point.  Read more