Global Rebalancing: Implications for Low-Income Countries
While global rebalancing will mainly involve structural realignment among major advanced and emerging market economies, it could have significant impact on low-income countries (LICs). Simulations using a global general equilibrium model show that a more balanced global economy would tend to improve...
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2011
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Schriftenreihe: | IMF Working Papers
Working Paper No. 11/239 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | While global rebalancing will mainly involve structural realignment among major advanced and emerging market economies, it could have significant impact on low-income countries (LICs). Simulations using a global general equilibrium model show that a more balanced global economy would tend to improve the current account balance in LICs with limited impact on domestic output. However, there could be adverse terms of trade effects on some LICs as the prices of manufactured goods rise. On the other hand, such prices increases could provide an impetus to export diversification in many LICs, raising growth in the long run. The output and terms of trade effects would be significantly amplified if structural adjustment is impeded by factor immobility and other rigidities |
Beschreibung: | 1 Online-Ressource (31 p) |
ISBN: | 1463922612 9781463922610 |
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520 | 3 | |a While global rebalancing will mainly involve structural realignment among major advanced and emerging market economies, it could have significant impact on low-income countries (LICs). Simulations using a global general equilibrium model show that a more balanced global economy would tend to improve the current account balance in LICs with limited impact on domestic output. However, there could be adverse terms of trade effects on some LICs as the prices of manufactured goods rise. On the other hand, such prices increases could provide an impetus to export diversification in many LICs, raising growth in the long run. The output and terms of trade effects would be significantly amplified if structural adjustment is impeded by factor immobility and other rigidities | |
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spelling | Yang, Yongzheng Verfasser aut Global Rebalancing Implications for Low-Income Countries Yang, Yongzheng Washington, D.C International Monetary Fund 2011 1 Online-Ressource (31 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 11/239 While global rebalancing will mainly involve structural realignment among major advanced and emerging market economies, it could have significant impact on low-income countries (LICs). Simulations using a global general equilibrium model show that a more balanced global economy would tend to improve the current account balance in LICs with limited impact on domestic output. However, there could be adverse terms of trade effects on some LICs as the prices of manufactured goods rise. On the other hand, such prices increases could provide an impetus to export diversification in many LICs, raising growth in the long run. The output and terms of trade effects would be significantly amplified if structural adjustment is impeded by factor immobility and other rigidities Online-Ausg http://elibrary.imf.org/view/IMF001/12242-9781463922610/12242-9781463922610/12242-9781463922610.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Yang, Yongzheng Global Rebalancing Implications for Low-Income Countries |
title | Global Rebalancing Implications for Low-Income Countries |
title_auth | Global Rebalancing Implications for Low-Income Countries |
title_exact_search | Global Rebalancing Implications for Low-Income Countries |
title_exact_search_txtP | Global Rebalancing Implications for Low-Income Countries |
title_full | Global Rebalancing Implications for Low-Income Countries Yang, Yongzheng |
title_fullStr | Global Rebalancing Implications for Low-Income Countries Yang, Yongzheng |
title_full_unstemmed | Global Rebalancing Implications for Low-Income Countries Yang, Yongzheng |
title_short | Global Rebalancing |
title_sort | global rebalancing implications for low income countries |
title_sub | Implications for Low-Income Countries |
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