East Asian Trade Imbalances: A New Cooperative Approach
Understanding the Imbalance: A Global Seesaw The persistent trade imbalances between the United States and East Asian economies represent a significant challenge to global economic stability. This isn't merely a matter of accounting discrepancies; it reflects deeper structural issues and power dynamics that threaten sustainable growth. The current situation resembles a seesaw tilted heavily in favor of East Asia, raising concerns about fair competition and the potential for destabilizing economic consequences....