<i> Instead, what needs to be done is fiscal consolidation in advanced countries and external rebalancing — where net exports need to rise in the developed nations while the rest of the world reduce their trade surplus. </i>
<i>Instead, what needs to be done is fiscal consolidation in advanced countries and external rebalancing — where net exports need to rise in the developed nations while the rest of the world reduce their trade surplus.</i><p>Totally agree