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The Great Rebalancing: Trade, Conflict, and the Perilous Road Ahead for the World Economy - Updated Edition
Michael Pettis
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Description for The Great Rebalancing: Trade, Conflict, and the Perilous Road Ahead for the World Economy - Updated Edition
Paperback. Num Pages: 256 pages. BIC Classification: KCL; KCX. Category: (G) General (US: Trade); (U) Tertiary Education (US: College). Dimension: 216 x 142 x 17. Weight in Grams: 242.
China's economic growth is sputtering, the Euro is under threat, and the United States is combating serious trade disadvantages. Another Great Depression? Not quite. Noted economist and China expert Michael Pettis argues instead that we are undergoing a critical rebalancing of the world economies. Debunking popular misconceptions, Pettis shows that severe trade imbalances spurred on the recent financial crisis and were the result of unfortunate policies that distorted the savings and consumption patterns of certain nations. Pettis examines the reasons behind these destabilizing policies, and he predicts severe economic dislocations that will have long-lasting effects. Demonstrating how economic policies ... Read more
China's economic growth is sputtering, the Euro is under threat, and the United States is combating serious trade disadvantages. Another Great Depression? Not quite. Noted economist and China expert Michael Pettis argues instead that we are undergoing a critical rebalancing of the world economies. Debunking popular misconceptions, Pettis shows that severe trade imbalances spurred on the recent financial crisis and were the result of unfortunate policies that distorted the savings and consumption patterns of certain nations. Pettis examines the reasons behind these destabilizing policies, and he predicts severe economic dislocations that will have long-lasting effects. Demonstrating how economic policies ... Read more
Product Details
Publisher
Princeton University Press
Format
Paperback
Publication date
2014
Condition
New
Weight
242g
Number of Pages
256
Place of Publication
New Jersey, United States
ISBN
9780691163628
SKU
V9780691163628
Shipping Time
Usually ships in 7 to 11 working days
Ref
99-50
About Michael Pettis
Michael Pettis is professor of finance and economics at Peking University, a senior associate at the Carnegie Endowment, and a widely read commentator on China, Europe, and the global economy. He is the author of The Volatility Machine: Emerging Economies and the Threat of Financial Collapse.
Reviews for The Great Rebalancing: Trade, Conflict, and the Perilous Road Ahead for the World Economy - Updated Edition
"[Michael Pettis is] a brilliant economic thinker."
Edward Chancellor, Wall Street Journal "Insightful... [O]ffers a sweeping perspective that links trade, exchange rates, and cross-border capital flows to underlying domestic taxation, investment, and fiscal policies... Pettis's erudite, but lucid and very readable analysis brims with surprising ripostes to conventional wisdom... Pettis's stimulating, contrarian take on the present crisis challenges dogma with clear ... Read more
Edward Chancellor, Wall Street Journal "Insightful... [O]ffers a sweeping perspective that links trade, exchange rates, and cross-border capital flows to underlying domestic taxation, investment, and fiscal policies... Pettis's erudite, but lucid and very readable analysis brims with surprising ripostes to conventional wisdom... Pettis's stimulating, contrarian take on the present crisis challenges dogma with clear ... Read more