Global imbalance in the world wide economy

Jun 21st, 2015
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Abilene Christian University
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RELATIONSHIP BETWEEN GLOBAL IMBALANCE AND GLOBAL FINANCIAL CRISISBy (Name)CourseProfessorInstitutionDateRELATIONSHIP BETWEEN GLOBAL IMBALANCE AND GLOBAL FINANCIAL CRISISIntroductionFirst and foremost it is paramount to understand the meaning of Global imbalance. This is a situation in which there are differences in assets between various countries. Some countries usually boast of more assets than other countries. It theoretically deals with the issue of current account whereby capital inflows and outflows are subtracted to get the deficit or surplus. When they cancel out then the situation is in balance or equilibrium. When there is surplus or deficit the situation is in global imbalance. Global financial crisis on the other hand is referred to a certain period where there is difficulty on the side of consumers and various global markets. This essay will expound on the presence of links between the two major issues which are the global imbalance and the global financial crisis.In the recent past, that was from the year 2004 to around 2007 many countries around the world performed extraordinarily in terms of economics. Low inflation was registered while international trade was greatly cherished with promotion of financial flows. There are countries that experienced current account deficit during that time and these comprised of Britain and the United States of America. The countries which experienced current account surplus comprised of Russia, Japan a

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