I will address these in a minute. To make the outcome clear from the start: even after analysing these approaches, which can be labelled for short as “global savings flows”, “Bretton Woods II” and “dark matter”, I see no reason to neglect the global imbalances in the economic policy debate.
But the prospects of a more equal distribution of global economic growth do give hope that the necessary adjustments will gradually come under way. I  Trends in globalisation  So that my comments on global imbalances may be better understood, I would like to begin with emphasizing three trends in globalisation.