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Rebalancing, Growth, and Development in a Multipolar Global Economy

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  • Qureshi, Zia

    (World Bank)

Abstract

Reduction of large and persistent external imbalances is currently a key focus of G-20 discussions. The paper argues that in a progressively multipolar world economy, the goals of global rebalancing, growth, and development are increasingly inter-linked. Growth-oriented rebalancing calls for emphasizing structural reforms and leveraging the role of developing countries in supporting strong and balanced global growth.

Suggested Citation

  • Qureshi, Zia, 2011. "Rebalancing, Growth, and Development in a Multipolar Global Economy," World Bank - Economic Premise, The World Bank, issue 57, pages 1-6, May.
    • Handle: RePEc:wbk:prmecp:ep57
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    References listed on IDEAS

    as
    1. World Bank, 2011. "Global Economic Prospects, January 2011 [Perspectivas economicas mundiales, Enero de 2011 : navegar en aguas peligrosas (Vol. 2)]," World Bank Publications - Books, The World Bank Group, number 12102.
    2. World Bank, 2011. "Global Development Horizons 2011 : Multipolarity - The New Global Economy," World Bank Publications - Books, The World Bank Group, number 2313.
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    Cited by:

    1. Justin Yifu Lin & Doerte Doemeland, 2012. "Beyond Keynesianism: Global Infrastructure Investments In Times Of Crisis," Journal of International Commerce, Economics and Policy (JICEP), World Scientific Publishing Co. Pte. Ltd., vol. 3(03), pages 1-29.

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    More about this item

    Keywords

    Basel III; Imbalances; current account; global imbalances; g20; g-20; development; growth; structural reforms; developing countries;
    All these keywords.

    JEL classification:

    • F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance
    • F42 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Policy Coordination and Transmission
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

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