A key issue, it seems, is that emerging countries are often in favour of the private foreign investors sharing risks (ie, taking some losses when trouble strikes), but many seem reluctant to face the prospect of increased cost of funds, and/or reduced supply of foreign investment, that will be associated with contracts that put more risk on the investor.
The recent expansionary macroeconomic policies undertaken in response to the sluggish economic growth are, as I see it, temporary measures, and not ultimate solutions to rebalancing. They serve to mature conditions for carrying out structural reforms that are essential to remedying the imbalances. In this regard, the following can be suggested as structural solutions for rebalancing.