When I say "global imbalances," I am referring to the large and persistent current account deficit in the United States that is mirrored by large current account surpluses elsewhere, especially in Asia and in many oil-exporting countries.
Given that Canada and Barbados depend on international trade and global financial stability for economic growth, we both have a major stake in seeing that global imbalances are resolved in an orderly way. There has been much written and spoken commentary on the causes of these imbalances.