URL: http://www.imf.org/external/pubs/ft/weo/2009/01/weodata/index.aspx, and calculate the current account balances (in USD) for the latest year available for the regions of the world listed below and write a 1,000-word report on the following:a) Chinab) Japanc) Emerging Asia (excluding China)d) Middle Easte) Other Advanced (excluding United States and Japan)f) Other Emerging and Developingg) United States 2) How rapidly have these imbalances grown since the 2007? 3) Why do financially and technologically advanced countries, such as the United States, have current account deficits? Why do emerging Asian countries, such as China, have current account surpluses? 4) Based on your own Internet research, what adjustments are required for the United States to rebalance its current account? What risks are inherent in such adjustments? 5) Based on the reading assigned for this module, and your own Internet research, what adjustments are required for China to rebalance its current account. What risks are inherent in such adjustments?
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