Global disharmony

Even I had a vague idea about Global disharmony but I found the right answer here "Global disharmony" .  

The recently concluded annual IMF-World Bank meetings of finance ministers and central bankers did not yield a breakthrough in ending or even moderating the intensity of the ongoing currency battles among countries. The result was not unexpected, given the stridently opposite views held by the two main protagonists, the United States and China. China has accused the U.S. of destabilising the emerging economies by flooding their financial markets, including those of Brazil and India, in order to prop up its own domestic demand. The U.S., on the other hand, wanted greater surveillance by the IMF of China's exchange rates and its accumulation of reserves. So far, China has resisted revaluing the Yuan except gradually. Other countries have been forced to actively manage their exchange rate policies to safeguard their interests. Brazil has doubled its tax on certain types of foreign currency inflows. In India, the flood of portfolio money is posing major challenges for the exchange rate policy and macroeconomic management. With countries such as Indonesia and Taiwan taking steps to hold down the value of their currencies, the exchange rate crisis may soon assume critical proportions. Although it might confer short-term advantages, competitive currency depreciation is injurious over the medium term and at the present juncture might choke the nascent global recovery.

And I don't think we really need Global disharmony at the moment.