Archive for September, 2013

Revisiting my 2011 predictions

Since the beginning of the global crisis in 2007-08 I have argued that the crisis was a consequence primarily of global trade imbalances generated by structural features that led to significant saving imbalances in China, story the US, store and within Europe. I describe this model in more detail in my recent book, shop The […]

Read More…

Rebalancing and long term growth

As analysts and official entities like the World Bank continue to downgrade their forecasts for medium-term growth in China, physician I have been asked increasingly often for the reasons I believe that 3-4% average annual growth rates is likely to be the upper limit for China during the adjustment period. In this blog entry I […]

Read More…