The best candidates to do that are countries running (a) external surpluses, (b) low budget deficits (or balanced public sector accounts) and (c) inflation rates approximating price stability.
You may be surprised to learn that these are not the proverbial "rare pearls." Countries currently meeting these criteria represent more than 40 percent of the world economy. They are now showing a combined current account surplus of $1.1 trillion.
In other words -- and to put it mildly to infuriate Donald Trump – nearly half of the world economy is living off the other half.
How are they doing on public finances? Japan is the only outlier in this group, but all the others are in the range of small surpluses (Germany and South Korea) to a projected deficit of 2.7 percent of GDP (China).
Their inflation record is the most glaring signal that they need to boost the growth of internal demand, instead of relying on excessive trade surpluses that are destabilizing the world economy. With an inflation rate of 2 percent, China is the only country in this group showing vigor in its domestic GDP components. The German-led euro area, Japan and South Korea have virtually no consumer price increases, while some smaller East Asian economies (usually labeled – get the misnomer -- as the "dynamic Asian economies") are showing a significant price deflation.
Stop whining, call them out
Looking at this enormous pool of unused (physical) capital and labor resources, it is puzzling to see all the hand-wringing and resignation on the part of people who are lavishly paid by the taxpayers' money to coordinate global economic policies in order to produce a stronger and a more balanced world economy.
It's the same thing at the national level. The frontrunner for the nomination of the Democratic Party in U.S. elections is saying nothing about the economic policy, but is making a heroic promise to stamp out the future financial crises. That is easy. We already have all the regulations in place and federal agencies perfectly capable of enforcing them. There is no need for more red tape and financial market cops.
By contrast, the candidate leading the Republican Party opinion polls (Donald Trump) has repeatedly warned about the trade surplus free-riders. Sadly, his call is barely registering on the primaries' scale. And, in spite of his continuing public support, he still has to convince the political establishment that he will have the staying power in the long and grinding election process.