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

The Great Rebalancing: Trade, Conflict, and the Perilous Road Ahead for the World Economy - Updated Edition By Michael Pettis, Michael Pettis (Preface by) Cover Image
By Michael Pettis, Michael Pettis (Preface by)
$19.95
Usually Arrives in 3-5 Days

Description


How trade imbalances spurred on the global financial crisis and why we aren't out of trouble yet

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.

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.


Product Details
ISBN: 9780691163628
ISBN-10: 0691163626
Publisher: Princeton University Press
Publication Date: October 26th, 2014
Pages: 256
Language: English

We recommend