IMF Reports of China Trade Surplus and Other Global Trade Issues
By Lucy West
on Aug 17, 2010
Economic recoveries continue, but the imbalance in trade, wealth, and the impact of our economy needs to be addressed.
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Asia’s strong recovery from the global recession has led the world, but the IMF sees more clouds on the horizon. (Source: IMF Research)
(Photo: Stephen Shaver/UPI)
Recently the IMF released a report on world growth rates with an impressive 4.5% growth forecast for the world. With emerging markets (see Emerging Markets in the brief) performing very well, but established markets lagging, the world economy looks better than expected, considering the recent crisis.
7-8-10 - Residents cycle past outside of a locked exit to a gated village on the outskirts of Beijing. (Source:Associated Press)
The global challenge will be how to assure that the rising tide floats all boats. Huge economic disparity causes significant unrest and instability. Certainly, China has its share exacerbated by such a questionable policy euphemistically called sealed management (read article from CARA ANNA of AP) which is merely ghettos (see left) with a policy of checking identity papers; or read Maoist uprising in India (by Mark Tully of BBC News).