Abstract : Based on several fundamental judgment s about global imbalances , this paper analyzes four essential issues involved in rebalancing - the scenario for relatively balanced development of world economy , t he global demand structure , a reasonable development of real and virtual economy and the international system reform1 This paper point s out t hat it is important to correct domestic imbalances of different countries for rebalancing , and t hen 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