Global Economic Imbalance from a Macro Perspective

On July 18, 2016, the World Bank Appointed Paul M. Romer, a Professor of Economics at the Stern School of Business, new York University and a Representative Figure of the New Growth Theory (shown in Fig. 3.1), as its New Chief Economist. This Is Regarded as One of the most Sensational and Constructive Measures in the World Bank’s Selection of Research Directors in the Past 20 Years, Provided that Romer Can Live up to the Mission.