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And should addressing imbalances currently be a top global policy priority?Stephen Roach answers (in part):[I]t is wrong to insist that China's global rebalancing imperatives should be addressed by a realignment in a bi-lateral exchange rate with the dollar.
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Such a move could herald a realignment in this tiny coastal republic, which largely boycotted the elections, and sharpen the debate over independence.
There will be a lot more arguments and it seems likely there will be a realignment in British politics as well ask a vote for Scottish independence.
Last July's agreement with world powers brought a realignment in Iranian politics.
So Sharon's last-minute attempt to bring about a realignment in Israeli politics ended in failure.
But neither the 1968 nor 2000 Republican presidential victories produced anything resembling a realignment in favor of the Republicans.
He predicts a realignment in which various branches of Judaism will become more traditional and, paradoxically, more separate.
"But we will see a realignment in Greek parliamentary politics in support of the deal which, hopefully, will be cathartic and provide stability," he said.
There are many reminders here in Davos that the global financial crisis and economic slowdown have hastened a realignment in global power.
Pinning down a realignment in the zeitgeist is dicey business, but more than a few people might point to Feb. 7, 1999.
The Gaekwads preferred, however, to establish their capital in Baroda, causing a realignment in the network of trade and consumption in the area.
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