Rebalancing Will Require Supply Side Policy Changes, but Pitfalls Abound

Vinod K Aggarwal and Simon Evenett

Rebalancing the Global Economy: A Primer for Policymaking, Center for European Policy Research, 2010

Much of the debate over global imbalances has focussed on the demand side. This chapter argues that rebalancing national economies should not overlook the contribution that supply side factors can make. Nevertheless, it warns that any rebalancing imperative may well be hijacked by governments to advocate policies that promote certain sectors over others, which will inevitably foster international trade conflicts.

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