IDEAS home Printed from https://ideas.repec.org/a/wbk/prmecp/ep57.html
   My bibliography  Save this article

Rebalancing, Growth, and Development in a Multipolar Global Economy

Author

Listed:
  • Qureshi, Zia

    (World Bank)

Abstract

Reduction of large and persistent external imbalances is currently a key focus of G-20 discussions. The paper argues that in a progressively multipolar world economy, the goals of global rebalancing, growth, and development are increasingly inter-linked. Growth-oriented rebalancing calls for emphasizing structural reforms and leveraging the role of developing countries in supporting strong and balanced global growth.

Suggested Citation

  • Qureshi, Zia, 2011. "Rebalancing, Growth, and Development in a Multipolar Global Economy," World Bank - Economic Premise, The World Bank, issue 57, pages 1-6, May.
    • Handle: RePEc:wbk:prmecp:ep57
    as

    Download full text from publisher

    File URL: http://siteresources.worldbank.org/INTPREMNET/Resources/EP57.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. World Bank, 2011. "Global Economic Prospects, January 2011 [Perspectivas economicas mundiales, Enero de 2011 : navegar en aguas peligrosas (Vol. 2)]," World Bank Publications - Books, The World Bank Group, number 12102, December.
    2. World Bank, 2011. "Global Development Horizons 2011 : Multipolarity - The New Global Economy," World Bank Publications - Books, The World Bank Group, number 2313, December.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Justin Yifu Lin & Doerte Doemeland, 2012. "Beyond Keynesianism: Global Infrastructure Investments In Times Of Crisis," Journal of International Commerce, Economics and Policy (JICEP), World Scientific Publishing Co. Pte. Ltd., vol. 3(03), pages 1-29.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Zia Qureshi, 2011. "Rebalancing, Growth, and Development in a Multipolar Global Economy," World Bank Publications - Reports 10094, The World Bank Group.
    2. Peter A.G. van Bergeijk, 2013. "Earth Economics," Books, Edward Elgar Publishing, number 14673.
    3. Mustafa Sakr & Andre Jordaan, 2016. "Emerging Multinational Corporations: A Prominent Player in the Global Economy," Working Papers 201623, University of Pretoria, Department of Economics.
    4. Canuto, Otaviano & Leipziger, Danny, 2012. "Ascent After Decline: Challenges of Growth," World Bank - Economic Premise, The World Bank, issue 75, pages 1-6, February.
    5. Devarajan, Shantayanan & Go, Delfin S. & Maliszewska, Maryla & Osorio-Rodarte, Israel & Timmer, Hans, 2015. "Stress-testing Africa's recent growth and poverty performance," Journal of Policy Modeling, Elsevier, vol. 37(4), pages 521-547.
    6. Iulia Monica Oehler-Șincai, 2015. "BRICS’ contribution to the new world order: a capacity appraisal," National Strategies Observer (NOS), Institute for World Economy, Romanian Academy, vol. 2.
    7. Rory Horner, 2017. "What is global development," Global Development Institute Working Paper Series 202017, GDI, The University of Manchester.
    8. Adrian Pop, 2014. "Rising through the Crisis: the Impact of Emerging Countries on the Future Distribution of Power," Knowledge Horizons - Economics, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 6(2), pages 26-29, June.
    9. Amer Ahmed & Maurizio Bussolo & Marcio Cruz & Delfin S. Go & Israel Osorio-Rodarte, 2020. "Global Inequality in a more educated world," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 18(4), pages 585-616, December.
    10. Zhang, Cathy, 2014. "An information-based theory of international currency," Journal of International Economics, Elsevier, vol. 93(2), pages 286-301.
    11. Yi‐Chen Wu & Shiuh‐Shen Chien, 2022. "Northernization for Breaking‐through International Isolation: Taiwan’s Trilateral Aid Cooperation in the Middle East Refugee Crisis and beyond," Development Policy Review, Overseas Development Institute, vol. 40(1), January.
    12. Cheryl McEwan & Emma Mawdsley, 2012. "Trilateral Development Cooperation: Power and Politics in Emerging Aid Relationships," Development and Change, International Institute of Social Studies, vol. 43(6), pages 1185-1209, November.
    13. Bernhardt, Thomas, 2014. "How promising is South-South trade as a contributor to economic development in Asia and South America? Insights from estimating income elasticities of import demand," MPRA Paper 56413, University Library of Munich, Germany.
    14. Alice Nicole Sindzingre, 2011. "The Conditions for Long-Term Growth in Sub-Saharan Africa: China as a Model, a Contraint and an Opportunity," Post-Print halshs-03604139, HAL.
    15. Peter Brust & Vivekanand Jayakumar, 2012. "Introducing Valuation Effects-Based External Balance Analysis into the Undergraduate Macroeconomics Curricula: A Simple Framework with Applications," The Journal of Economic Education, Taylor & Francis Journals, vol. 43(4), pages 363-376, October.
    16. Yuning Gao & D’Maris Coffman, 2013. "Renminbi internationalization as a response to the global imbalance," Journal of Chinese Economic and Business Studies, Taylor & Francis Journals, vol. 11(2), pages 139-151, May.
    17. Bernhardt, Thomas, 2016. "South-South trade and South-North trade: which contributes more to development in Asia and South America? Insights from estimating income elasticities of import demand," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), April.
    18. Heike Joebges & Volker Meinhard & Katja Rietzler & Rudolf Zwiener, 2012. "On the Path to Old-Age Poverty - Assessing the Impact of the Funded Riester Pension," IMK Report 73e-2012, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
    19. Bonga-Bonga, Lumengo & Ahiakpor, Ferdinand, 2015. "Determinants of Economic Growth in Sub-Saharan Africa: The case of Ghana," MPRA Paper 66923, University Library of Munich, Germany.
    20. Pietro Alessandrini & Andrea Filippo Presbitero, 2011. "Low-Income Countries Vulnerabilities and the Need for an SDR-Based International Monetary System," Mo.Fi.R. Working Papers 55, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences.

    More about this item

    Keywords

    Basel III; Imbalances; current account; global imbalances; g20; g-20; development; growth; structural reforms; developing countries;
    All these keywords.

    JEL classification:

    • F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance
    • F42 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Policy Coordination and Transmission
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wbk:prmecp:ep57. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Michael Jelenic (email available below). General contact details of provider: https://edirc.repec.org/data/prewbus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.