Economic interconnectedness has brought unprecedented levels of prosperity to much of the world. However, the financial and economic crisis has brought to the forefront the global disequilibria that had been concealed by pre-crisis exuberance. Western countries are facing debt crises, while emerging economies are overheating. What are the causes of these imbalances? What can countries do about chronic deficits or surpluses? How can we secure sustainable global economic growth? Join us for part one of our fall 2011 Global Economy Series with Axel A. Weber, as he offers an assessment of the current trends, and discusses the policy options available for balancing the global economy.