Addressing Global Imbalances: A Development-Oriented Policy Agenda

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Addressing Global Imbalances: A Development-Oriented Policy Agenda

July 21, 2012

This working paper uses a revived world trade and income model to examine three markedly difference scenarios of the world economy. It presents criticisms of the frist scenario " the consensus Growth Forecast" which is an optimistic scenario for future global growth utilized by U.S. policymakers and international financial institutions.