Rebalancing Global Economy.

While browsing through some of the economy blogs, I hit upon this link, which details about rebalancing global economy

The above link also offer free ebook and hence, nice to go through it when you find time. Some interesting points I found out, while reading it...

The US, with a population of around 300 million people, less than 5% of the world’s population –up until the crisis-was consuming more than20% of the world’s output. China, with about 20% of the world’s population was consuming somewhere between 2-3%.

US currency has to devalue against most of the G-20 currencies, except Australia and South Africa OR G20 currencies have to appreciate against USD. Highest appreciation required from China, Indonesia, Korea, Japan, India currencies against USD.