Building a Global Monetary System: A panel debate on international trade imbalances | 12.01.11

Widening trade imbalances and the threat of currency wars between the major economic powers dominated the most recent meeting of the G-20 in Seoul. At the end of the summit, the net result was a communiqué that outlined plans to develop 'indicative guidelines' that will identify those large imbalances that require 'preventative and corrective actions'.

This implicit recognition of the issue will come as a relief to those who have long argued against the excessive build-up of savings in the surplus countries and debt in the deficit countries. But are the steps being taken sufficient to resolve the problem?

We will consider what the long-term economic ramifications of persistent trade imbalances are likely to be, and also what options the Government has should further action be deemed necessary.

Speakers:
CHAIR: Neil O'Brien - Director, Policy Exchange
Martin Wolf - Chief Economics Commentator, The Financial Times
Jeremy Warner - Assistant Editor, The Telegraph
Roger Bootle - Managing Director, Capital Economics
Andrew Lilico - Director, Europe Economics

Category:

News & Politics

Tags:

• policy exchange
• monetary system
• trade balance
• trade imbalance
• g20
• china
• us
• united states
• usa
• united states of america
• Neil O'Brien
• Martin Wolf
• FT
• Financial Times
• Jeremy Warner
• The Telegraph
• Roger Bootle
• Capital Economics
• Andrew Lilico
• Europe Economics