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Global Imbalances, Crisis And The Lack Of Global Governance

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  • VIOLETA GIANINA DRAGOTĂ

    (TIBISCUS UNIVERSITY, FACULTY OF ECONOMIC SCIENCES)

Abstract

While briefly shrinking during the global crisis, global imbalances in trade and financial flows and their underlying systemic causes have not gone away. The current monetary non-order causes developing countries to adopt defensive strategies against fickle markets and allows developed countries to engage in beggar-thy-neighbour strategies, with a reliance on exports serving to offset their failure to manage domestic demand. Global imbalances are a symptom of existing systemic governance shortcomings. They can only be properly addressed by global governance reform and proper international policy coordination.

Suggested Citation

  • Violeta Gianina Dragotă, 2012. "Global Imbalances, Crisis And The Lack Of Global Governance," Anale. Seria Stiinte Economice. Timisoara, Faculty of Economics, Tibiscus University in Timisoara, vol. 0, pages 440-444, November.
  • Handle: RePEc:tdt:annals:v:xviii/supplement:y:2012:p:440-444
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    More about this item

    Keywords

    global imbalances; global crisis; . Gross domestic product (GDP);
    All these keywords.

    JEL classification:

    • F59 - International Economics - - International Relations, National Security, and International Political Economy - - - Other

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