Today s tensions are rooted in paralysis on global rebalancing.

The second priority should be more progress on global rebalancing.

This is not to say that rebalancing global demand is unimportant.

Rebalancing Priorities

Will the rebalancing of global economic power that results from this destabilize world politics?

Rebalancing the Eurozone

Asia s Rebalancing Act

As a result, global economic rebalancing is likely to accelerate, almost inevitably giving rise to political tensions.

This withdrawal of the US consumer is part (perhaps half) of the process of rebalancing the global economy.

Rebalancing also involves a global demand switch from external deficit countries to those running large current account surpluses.

Rebalancing the US China Economic Relationship

In these circumstances, we need collective action for global recovery along four main policy lines repair, reform, rebalancing, and rebuilding.

The economic benefits of rebalancing the global labor market are compelling the human costs of failing to do so are enormous.

Now that the dollar has dropped 43 from its high against the euro, the process of global financial rebalancing is seriously underway.

The rebalancing and restoration of global demand in the medium term is discussed within the G 20, but has not really gotten underway.

As a recent report by the international consultancy McKinsey Company argues, the next decade will witness rising interest rates worldwide amid global economic rebalancing.

As a recent report by the international consultancy McKinsey Company argues, the next decade will witness rising interest rates worldwide amid global economic rebalancing.

A complete rebalancing, removing of choice between 2 races.

A global savings glut would suggest that rebalancing the world economy requires policies to boost America s savings rate and to increase non US households consumption.

The third target of collective action, rebalancing, has two meanings.

Certainly, a slowing China that is rebalancing toward domestic consumption has put a damper on all global commodity prices, with metal indices also falling sharply in 2015.

A consumer led rebalancing addresses many of the tensions noted above.

Unfortunately, the IMF s rebalancing efforts are proceeding at a glacial pace.

On its part, the United States is now rebalancing toward Asia.

Moreover, it is only a localized effort at rebalancing a global intellectual property (IP) regime that is tilted heavily toward pharmaceutical interests at the expense of social welfare.

But that misses the entire point surplus countries must contribute no less than deficit countries to global and regional rebalancing, because the world economy cannot export to outer space.

Now, however, with China rising, global power rebalancing, and the US worn down by two decade long wars that have eroded its credibility, the postwar international order is under intense strain.

This challenge, however, is very complex because deleveraging and rebalancing cannot be completed overnight.

Of course, such a rebalancing is unthinkable today, for both political and economic reasons.

Indeed, rebalancing the pattern of growth is a central economic goal of China s leadership.

The possibility of such an asymmetrical global rebalancing with China taking the lead and the developed world dragging its feet could be the key unintended consequence of China s 12th Five Year Plan.

The Kanaks discovered that rebalancing regions on the basis of tourism only worsens inequality in development.

Rebalancing also involves a global demand switch from external deficit countries to those running large current account surpluses. With lower spending and higher savings in the advanced economies, key emerging markets must take up the slack and start providing the demand needed to power the global recovery.

American diplomats have now abandoned the term pivot altogether, owing to its military connotation, in favor of rebalancing.

America, in short, faces a time of reckoning that should usher in a period of comprehensive strategic rebalancing.

This is why I support America s strategic rebalancing to enhance peace and security in the Asia Pacific region.

Against this background, US claims that its strategic rebalancing is not about containing China are not particularly convincing.

Even before the crisis, there was a rebalancing of economic power in fact, a correction of a 200 year historical anomaly, in which Asia s share of global GDP fell from nearly 50 to, at one point, below 10 .

The price of divergence could be steep though the worst is over, effective coordination of policy is still needed at a time when rebalancing the global economy, as the G 20 has called for, is far from being accomplished.

But this rebalancing, too, has not happened sufficiently, and if the advanced economies succumb to recession, nobody will escape.

The US pivot to the Asia Pacific, part of the Obama administration's strategic rebalancing, has kept China on alert.

The final quarter of 2004 saw remarkable success in rebalancing the budgets of the Government of Bosnia and Herzegovina.

The final quarter of 2004 witnessed remarkable success in rebalancing the budgets of the Government of Bosnia and Herzegovina.

In other words, rebalancing the system, not any sudden desire to reverse the increasingly illiberal course Russia has taken since 2003, was the key reason for choosing Medvedev. Putin s ambition to stay in power as prime minister is also rooted in this rebalancing act.

Tellingly, US President Barack Obama s administration has replaced the term pivot, which implies a turn away from something, with rebalancing.