USA: * pass on scrimping with low growth rates * 2003 (-491$), 2006 (-753$), 2011 (-535$), so they have steep sure depict deficit * stand firm beyond their fashion * lean money and worry much than they produce * will rectify situation * during the crisis people stop consumption * imports went down, lower deficit China: * emerging saving with high growth rates and potential to become an advance(a) parsimony * still low living standard * political transcription non advan ced but high industrialized * 20! 03 (+46) 2011 (+360) is running a current account surplus * produce more than they absorb * higher(prenominal) exports * The Chinese exported a lot of the money earned with with(predicate) exports, by investing in U.S: treasury bonds and U.S. assets, creating a hamlet between those two states. c) According to the IMF, what is the first current account challenge to the world economy and what should be...If you want to get a full essay, order it on our website: BestEssayCheap.com
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