Globale makroökonomische Ungleichgewichte und ihre Effekte auf die nationale und innere Sicherheit

• July 2011
• Tim H. Stuchtey, Chase Gummer

• BIGS Essence Number 4

The considerable current account imbalances in trade between nations and the resulting capital flows have been partly responsible for the global financial and economic crisis. These imbalances are not sustainable and it looks as if the global economy has entered a process of adjustment in which the burden is again being distributed very unevenly. A look at history shows the security policy implications of such adjustment processes and which we should expect again today. Close coordination of economic policy measures can help to mitigate the friction in the adjustment process and thus have a stabilizing effect on the security situation.