Global imbalances persist: Realignment of growth rates won't solve surplus problem.
The article examines how countries with more money coming in than going out can adjust their finances. It suggests that even if some countries grow faster and others slower, it won't fix the problem of global imbalances. Surplus countries don't keep their extra money for long, and sudden drops in surplus are rare. A small drop in economic growth can improve a country's financial balance slightly. To truly fix the imbalance, big changes in exchange rates and a decrease in China's surplus are necessary.