Yang Yao

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Are Global Imbalances Curable? (Part II)

By , September 26, 2009 in Globalist Analysis

Why does specialization lead to an imbalance of payments — with some countries having net surpluses and others having net deficits?

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Are Global Imbalances Curable? (Part I)

By , September 25, 2009 in Globalist Analysis

How long will the world sustain large global economic imbalances?

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