Abstract: Based on several fundamental judgments about global imbalances,this paper analyzes four essential issues involved in rebalancing-the scenario for relatively balanced development of world economy,the global demand structure,a reasonable development of real and virtual economy and the international system reform.This paper points out that it is important to correct domestic imbalances of different countries for rebalancing,and then discusses the economic mode transition of the U.S.,EU,Japan,oil-exporting countries and China,and their challenges respectively.

Key words: global imbalances, rebalancing world economy, economic mode transition

摘要： 基于对世界经济失衡问题的基本判断,本文分析了世界经济相对均衡发展的图景、全球经济的需求结构、虚拟经济与实体经济适度发展以及国际货币体系重构等世界经济再平衡过程中必须面对的突出问题。本文指出,世界各国尤其是中美等主要经济体的国内均衡将是实现世界经济再平衡的前提和基础。本文最后探讨了美国、日欧、石油出口国与中国等国家的经济发展模式转变及其面临的挑战。

关键词: 世界经济失衡, 世界经济再平衡, 经济发展模式转变