voprecotestВопросы экономикиVoprosy Ekonomiki0042-8736Voprosy Ekonomiki, NP10.32609/0042-8736-2008-5-51-61voprecotest-1297Research ArticleРОССИЯ В МИРОВОЙ ЭКОНОМИКЕRUSSIA IN THE WORLD ECONOMYПроблема глобальных дисбалансов в мировой экономикеGlobal Imbalances in the World EconomyАпокинА.ApokinA.

эксперт ЦМАКП, научный сотрудник ИНП РАН

 

Центр макроэкономического анализа и краткосрочного прогнозирования; Институт народнохозяйственного прогнозирования РАНРоссияCenter for Macroeconomic Analysis and Short-Term Forecasting; Institute of Economic Forecasting, Russian Academy of SciencesRussian Federation200820052008055161Copyright © Voprosy Ekonomiki, NP, 20082008Voprosy Ekonomiki, NPVoprosy Ekonomiki, NPhttps://www.vopreco.ru/jour/about/submissions#copyrightNoticehttps://www.vopreco.ru/jour/article/view/1297

В статье анализируется эволюция ключевых политико-экономических доктрин коррекции глобальной несбалансированности, связанной с внешнеторговым  дефицитом США, в работах ведущих специалистов по международным финансам в период с 1993 по 2007 год. Отдельно рассматривается особая роль суверенных инвестиционных фондов в коррекции глобальной несбалансированности в средне- и долгосрочной перспективе.

The paper reviews an evolution of key political and economic hypotheses in the literature from 1993 to 2007 related to emergence, stability and correction mechanisms of the so-called "global imbalances" which are connected to the US trade deficit. The special "counterweighting" role of sovereign wealth funds in possible mechanisms of global imbalances’ correction in medium- and long-term perspective is considered.

международная экономикамеждународные финансыпроблема глобальных дисбалансовэкономика СШАсуверенные инвестиционные фондыinternational economicsinternational financeglobal imbalancesUS trade deficitsovereign wealth fundsReferencesАпокин А. Ю. Финансовая составляющая «проблемы глобальных дисбалансов» в мировой экономике // Проблемы прогнозирования. 2008. №4.Апокин А. Ю. Финансовая составляющая «проблемы глобальных дисбалансов» в мировой экономике // Проблемы прогнозирования. 2008. №4.Ahearne A., Cline W. R., Lee K. T., Park Y. C., Pisani-Ferry J., Williamson J. Global Imbalances: Time for Action. Peterson Institute for International Economics, 2007.Ahearne A., Cline W. R., Lee K. T., Park Y. C., Pisani-Ferry J., Williamson J. Global Imbalances: Time for Action. Peterson Institute for International Economics, 2007.Buira A., Abeles M. The IMF and the Adjustment of Global Imbalances / G24 Technical Group Meeting. Geneva, 2006.Buira A., Abeles M. The IMF and the Adjustment of Global Imbalances / G24 Technical Group Meeting. Geneva, 2006.Cline W. R. The Case for a New Plaza Agreement. Institute for International Economics, 2006.Cline W. R. The Case for a New Plaza Agreement. Institute for International Economics, 2006.Cooper R. N. Living with Global Imbalances: A Contrarian View // Policy Briefs in International Economics / Institute for International Economics. 2005.Cooper R. N. Living with Global Imbalances: A Contrarian View // Policy Briefs in International Economics / Institute for International Economics. 2005.Eichengreen B. Global imbalances: The new economy, the dark matter, the savvy investor and the standard analysis? // Journal of Policy Modelling. 2006. Vol. 28, No 6. P. 645-652.Eichengreen B. Global imbalances: The new economy, the dark matter, the savvy investor and the standard analysis? // Journal of Policy Modelling. 2006. Vol. 28, No 6. P. 645-652.Global Financial Stability Report / IMF. April 2007.Global Financial Stability Report / IMF. April 2007.Hausmann R., Sturzenegger F. U.S. and Global Imbalances. Can Dark matter Prevent A Big Bang? // Working Paper / Kennedy School of Government. Harvard University, 2005.Hausmann R., Sturzenegger F. U.S. and Global Imbalances. Can Dark matter Prevent A Big Bang? // Working Paper / Kennedy School of Government. Harvard University, 2005.Kohn D. L. The Effects of Globalization on Inflation and Their Implications for Monetary Policy / FRB of Boston's 51st Economic Conference „Global Imbalances -As Giants Evolve. Chatham, Massachusetts, 2006.Kohn D. L. The Effects of Globalization on Inflation and Their Implications for Monetary Policy / FRB of Boston's 51st Economic Conference „Global Imbalances -As Giants Evolve. Chatham, Massachusetts, 2006.Mackie D. The business of making money. Private equity's strengths and its increasingly apparent weaknesses // The Economist. 2007. July 5.Mackie D. The business of making money. Private equity's strengths and its increasingly apparent weaknesses // The Economist. 2007. July 5.Mapping the Global Capital Market: Third Annual Report / McKinsey Global Institute. 2007.Mapping the Global Capital Market: Third Annual Report / McKinsey Global Institute. 2007.Meissner C. M., Taylor A. M. Losing our Marbles in the New Century? The Great Rebalancing in Historical Perspective / Federal Reserve Bank of Boston Conference. Chatham, Mass., 2006.Meissner C. M., Taylor A. M. Losing our Marbles in the New Century? The Great Rebalancing in Historical Perspective / Federal Reserve Bank of Boston Conference. Chatham, Mass., 2006.Moëc G., Frey L. Global imbalances, saving glut and investment strike. Banque de France, 2006.Moëc G., Frey L. Global imbalances, saving glut and investment strike. Banque de France, 2006.Rato R. de Correcting Global Imbalances -Avoiding the Blame Game // Remarks at the Foreign Policy Association Financial Services Dinner at NY. IMF, 2005.Rato R. de Correcting Global Imbalances -Avoiding the Blame Game // Remarks at the Foreign Policy Association Financial Services Dinner at NY. IMF, 2005.World Economic Outlook / IMF. 2007. April.World Economic Outlook / IMF. 2007. April.

The authors declare that there are no conflicts of interest present.