CAJ | 학술논문

在综述全球经济失衡影响因素的基础上，本文提出基于要素的价值链分工是造成本轮经济失衡规模庞大、持续时间长的决定因素。全球价值链影响经济失衡的机制包括：产业结构的调整、贸易统计向增加值核算转化的内在要求和贸易利得的内涵及决定因素的变化。金融危机之后各国采取的再平衡政策缓解了失衡的规模，但造成失衡的根本性因素没有变化，未来全球经济失衡仍可能加剧。
재종술전구경제실형영향인소적기출상，본문제출기우요소적개치련분공시조성본륜경제실형규모방대、지속시간장적결정인소。전구개치련영향경제실형적궤제포괄：산업결구적조정、무역통계향증가치핵산전화적내재요구화무역리득적내함급결정인소적변화。금융위궤지후각국채취적재평형정책완해료실형적규모，단조성실형적근본성인소몰유변화，미래전구경제실형잉가능가극。
Based on the review of the influenced factors resulting in the global economic im- balance, the paper proposed that the division of the value chain constitutes the decisive factor which caused this round of large scale and long-lasting economic imbalance. The mechanism of the global value chain impacting on the economic imbalance include： the adjustment of industrial structure, the internal demand of transformation of trade statistics to value added accounting. The re-balancing policy adopted by different countries after the financial crisis has eased the scale of the imbalance. But the fundamental factors causing the imbalance remains unchanged. The global economic imbalance will continue to increase in the future.