Consequently, a correction of the imbalances requires broad based multilateral policy coordination, as well as counterbalancing action in other major surplus economies.

Still, I would build up a counterbalancing set of principles, because I believe that Friedman s principles do not, ultimately, deliver what they promise.

Counterbalancing of the two cars, with one going up and one going down, minimizes the energy needed to lift the car going up.

In order for the US economy to run deficits with the world, other countries must be willing to spin off a counterbalancing supply of savings.

True, countries that have not cleaned up their fiscal act, such as India, must not recklessly plunge ahead with big government projects without counterbalancing reforms to ensure sustainability.

By destroying Iraq as a counterbalancing regional force, the US dealt a major blow to its traditional Gulf allies, for whom Iraq served as a barrier against Iran s ambitions.

The lack of adjustment of surplus countries with inflexible exchange rate regimes means that as the US deficit falls, a counterbalancing deficit develops elsewhere in the world along with real effective exchange rate appreciation.

In 1870, when distinguishing the notion of fatherland from that of nation and applying the latter to Greater Syria, Marrash would point to the role played by language, among other factors, in counterbalancing religious and sectarian differences, and thus, in defining national identity.