{
  "title": "Global Rebalancing: A Roadmap for Economic Recovery",
  "publication": "Books, August 9, 2013",
  "sourceUrl": "https://www.imf.org/en/publications/books/issues/2016/12/31/global-rebalancing-a-roadmap-for-economic-recovery-40072",
  "canonical": "https://www.imf.org/en/publications/books/issues/2016/12/31/global-rebalancing-a-roadmap-for-economic-recovery-40072",
  "overlayPath": "/en/publications/books/issues/2016/12/31/global-rebalancing-a-roadmap-for-economic-recovery-40072/index.md",
  "summary": "This book examines imbalances in seven major economies: China, France, Germany, India, Japan, the United Kingdom, and the United States, evaluating key indicators agreed on by the G20 for identifying large imbalances, including public and private debt and private saving, and countries external posit",
  "sections": [
    {
      "heading": "Scope and Purpose",
      "content": "- Examines imbalances in seven major economies: China, France, Germany, India, Japan, the United Kingdom, and the United States.\n- Evaluates key indicators agreed on by the G20 for identifying large imbalances, including:\n  - public and private debt,\n  - private saving,\n  - countries external position.\n- Describes a suite of corrective steps tailored for each country that, if implemented, could improve prospective economic outcomes and create sustainable and balanced growth for these economies and serve as a model for other G20 countries."
    },
    {
      "heading": "Major Analytical Themes",
      "content": "- Balance of payments and current account positions:\n  - Current account deficits and current account surpluses are central diagnostic variables.\n- Fiscal policy and public debt:\n  - Fiscal consolidation and public debt dynamics are evaluated as part of adjustment strategies.\n- Private sector dynamics and saving-investment balance:\n  - Private saving and saving-investment balance are assessed across countries.\n- Structural and policy reforms:\n  - Product market reforms and revenue administration improvements are discussed as corrective measures.\n- Sustainability and scenario analysis:\n  - Upside scenario considerations are included as part of prospective outcome assessments."
    },
    {
      "heading": "Key Findings and Recommendations (as summarized on the landing page)",
      "content": "- Country-by-country diagnostics identify large imbalances using G20-agreed indicators.\n- Tailored corrective steps are proposed for each of the seven economies to:\n  - Reduce vulnerabilities from high public and private debt.\n  - Rebalance external positions where persistent surpluses or deficits exist.\n  - Strengthen fiscal policy frameworks and revenue administration.\n  - Encourage sustainable private saving and investment patterns.\n  - Implement product market and structural reforms to support balanced growth."
    },
    {
      "heading": "Publication and Metadata",
      "content": "- Authors: Hamid Faruqee, Krishna Srinivasan\n- Publication date: August 9, 2013\n- Pages: 178\n- DOI: https://doi.org/10.5089/9781475573664.071\n- Stock No: RRCAEA\n- ISBN: 9781475573664\n- Subjects and keywords include: Balance of payments, Current account deficits, Current account surpluses, Fiscal consolidation, Fiscal policy, Public debt, Revenue administration; BOOK, countries domestic, current account, deficit, Europe, Fiscal consolidation, Global, interest rate, private sector, product market, saving, saving-investment balance, surplus, surplus country, sustainability report, upside scenario\n\nGlobal Rebalancing: A Roadmap for Economic Recovery, Hamid Faruqee and Krishna Srinivasan, August 9, 2013. DOI: https://doi.org/10.5089/9781475573664.071\n\n---\n\n\nSource: https://www.imf.org/en/publications/books/issues/2016/12/31/global-rebalancing-a-roadmap-for-economic-recovery-40072"
    }
  ],
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    "Authors: Hamid Faruqee, Krishna Srinivasan",
    "Published: August 9, 2013",
    "Series: Books",
    "DOI: https://doi.org/10.5089/9781475573664.071",
    "Examines imbalances in seven major economies: China, France, Germany, India, Japan, the United Kingdom, and the United States.",
    "Evaluates key indicators agreed on by the G20 for identifying large imbalances, including:",
    "Describes a suite of corrective steps tailored for each country that, if implemented, could improve prospective economic outcomes and create sustainable and balanced growth for these economies and serve as a model for other G20 countries.",
    "Balance of payments and current account positions:",
    "Fiscal policy and public debt:",
    "Private sector dynamics and saving-investment balance:",
    "Structural and policy reforms:",
    "Sustainability and scenario analysis:",
    "Country-by-country diagnostics identify large imbalances using G20-agreed indicators.",
    "Tailored corrective steps are proposed for each of the seven economies to:",
    "Authors: Hamid Faruqee, Krishna Srinivasan",
    "Publication date: August 9, 2013",
    "Pages: 178",
    "DOI: https://doi.org/10.5089/9781475573664.071",
    "Stock No: RRCAEA",
    "ISBN: 9781475573664",
    "Subjects and keywords include: Balance of payments, Current account deficits, Current account surpluses, Fiscal consolidation, Fiscal policy, Public debt, Revenue administration; BOOK, countries domestic, current account, deficit, Europe, Fiscal consolidation, Global, interest rate, private sector, product market, saving, saving-investment balance, surplus, surplus country, sustainability report, upside scenario"
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