The Great Rebalancing: Trade, Conflict, and the Perilous Road Ahead for the World Economy - Updated Edition

Princeton University Press
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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 can carry negative repercussions the world over, The Great Rebalancing sheds urgent light on our globally linked economic future.

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About the author

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.
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Additional Information

Publisher
Princeton University Press
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Published on
Oct 26, 2014
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Pages
256
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ISBN
9781400852260
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Language
English
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Genres
Business & Economics / Economics / General
Business & Economics / Economics / Theory
Business & Economics / International / Economics
Business & Economics / International / General
Political Science / International Relations / General
Political Science / International Relations / Trade & Tariffs
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Content Protection
This content is DRM protected.
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Available on Android devices
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Eligible for Family Library

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