GLOBAL IMBALANCES: SAMUEL BRITTAN “FINANCIAL TIMES”

January 8, 2011 at 1:13 am | Posted in Economics, Financial, Globalization, Research | Leave a comment

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A new article by Samuel Brittan:

Look behind the myth of global imbalances

The Financial Times 07/01/11
Fri 1/07/11

Andrew Heavens (andrew.heavens@gmail.com)

Look behind the myth of global imbalances

The Financial Times 07/01/11

Nigel Lawson was the longest serving as well as the most controversial of Margaret Thatcher’s chancellors. His inaugural Adam Smith Lecture (reprinted in the January issue of Standpoint) shows him true to form.

It is entitled Five Myths and a Menace. His menace is – or should be to Financial Times readers – the least controversial of his assertions. It is that of a “recrudescence of protectionist sentiment that threatens to repeat the disaster of the 1930s”.

The “myth” on which I wish to concentrate is his fifth – that big current account imbalances are unnatural and dangerous.

He is broadly right, but the argument needs to be taken further.
http://samuelbrittan.us1.list-manage1.com/track/click?u=f3d103dd062d8e2eb1704a4f9&id=a33b17bada&e=66c71111bc

A new article by Samuel Brittan:

Look behind the myth of global imbalances

The Financial Times 07/01/11

Fri 1/07/11

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