Global Rebalancing: The U.S.-China Dimension

http://www.theglobalist.com/storyid.aspx?storyid=9651 Global Rebalancing: The U.S.-China Dimension
By Stephen S. Roach | Monday, June 11, 2012

The outlook for world economic growth is critically dependent on how the United States and China address their economic imbalances. For China, it is shifting from an export-led to a consumption-based economy. For the United States, it is learning to save — and reining in its penchant for China bashing. If they can do that, writes Stephen S. Roach, the whole world stands to gain.