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Global Imbalances and the EvolvingWorld Economy

Global Imbalances and the EvolvingWorld Economy

edited by

Jane Sneddon Little

Federal Reserve Bank of BostonBoston, Massachusetts

©2008 Federal Reserve Bank of Boston. All rights reserved.No part of this book may be reproduced in any form by any electronic ormechanical means (including photocopying, recording, or information storageand retrieval) without permission in writing from the publisher.This edited volume is based on a conference held in June 2006by the Federal Reserve Bank of Boston.Conference Series No. 51This book was set in Sabon by Sztrecska Publishing andwas printed and bound in the United States of America.

Acknowledgments

1 IntroductionRebalancing 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 theTwenty-First Century

Stephen W. Bosworth

3 Lessons from HistoryLosing Our Marbles in the New Century? The GreatRebalancing in Historical Perspective

Christopher M. Meissner and Alan M. Taylor

Comments

Suzanne Berger

Comments

John F. Helliwell

4 Labor Market ImbalancesLabor Market Imbalances: Shortages, Surpluses, or What?

Richard B. Freeman

Comments

Surjit S. Bhalla

Comments

Alan V. Deardorff

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