Global imbalances. 2 notes.

​Brad Setser is one of the go-to experts if you want to understand global imbalances, the political economy of China, and the complexities of currency movements. Regardless of whether you agree with him or not, he always backs up his assertions with data—which sets him apart from a lot of other commentators in…

It’s China’s world and the rest of us are living in it. One of the persistent stories of the last decade has been the relentless rise in Chinese exports and what that’s done to everyone else. Arvind Subramanian, the former chief economic adviser, has been making a version of this argument at the Peterson Institute. His…