## Global Rebalancing: A Roadmap for Economic Recovery

_Books, August 9, 2013_

## Source details

**Canonical URL:** [Global Rebalancing: A Roadmap for Economic Recovery](https://www.imf.org/en/publications/books/issues/2016/12/31/global-rebalancing-a-roadmap-for-economic-recovery-40072)

## Other formats

- [Markdown version](/en/publications/books/issues/2016/12/31/global-rebalancing-a-roadmap-for-economic-recovery-40072/index.md)
- [Structured JSON version](/en/publications/books/issues/2016/12/31/global-rebalancing-a-roadmap-for-economic-recovery-40072/index.json)
- [Bundle manifest](/en/publications/books/issues/2016/12/31/global-rebalancing-a-roadmap-for-economic-recovery-40072/bundle-manifest.json)

## Bibliographic details
- Authors: Hamid Faruqee, Krishna Srinivasan
- Published: August 9, 2013
- Series: Books
- DOI: https://doi.org/10.5089/9781475573664.071

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### Scope and Purpose
- 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:
  - public and private debt,
  - private saving,
  - countries external position.
- 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.

### Major Analytical Themes
- Balance of payments and current account positions:
  - Current account deficits and current account surpluses are central diagnostic variables.
- Fiscal policy and public debt:
  - Fiscal consolidation and public debt dynamics are evaluated as part of adjustment strategies.
- Private sector dynamics and saving-investment balance:
  - Private saving and saving-investment balance are assessed across countries.
- Structural and policy reforms:
  - Product market reforms and revenue administration improvements are discussed as corrective measures.
- Sustainability and scenario analysis:
  - Upside scenario considerations are included as part of prospective outcome assessments.

### Key Findings and Recommendations (as summarized on the landing page)
- Country-by-country diagnostics identify large imbalances using G20-agreed indicators.
- Tailored corrective steps are proposed for each of the seven economies to:
  - Reduce vulnerabilities from high public and private debt.
  - Rebalance external positions where persistent surpluses or deficits exist.
  - Strengthen fiscal policy frameworks and revenue administration.
  - Encourage sustainable private saving and investment patterns.
  - Implement product market and structural reforms to support balanced growth.

### Publication and Metadata
- 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

*Global Rebalancing: A Roadmap for Economic Recovery, Hamid Faruqee and Krishna Srinivasan, August 9, 2013. DOI: https://doi.org/10.5089/9781475573664.071*

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_Source: https://www.imf.org/en/publications/books/issues/2016/12/31/global-rebalancing-a-roadmap-for-economic-recovery-40072_