Global imbalances: What role for the WTO?

Juan A. Marchetti, Michele Ruta, Robert Teh, 2 January 2013



The world witnessed a large build-up of current account and merchandise trade imbalances, both in absolute and relative terms, prior to the global financial and economic crisis (see Table 1 and Figure 1). Current account/merchandise trade surpluses were most pronounced among the East Asian economies (e.g. China), oil exporters (e.g.

Topics: International trade
Tags: current account imbalances, liberalisation, trade, WTO

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