Michael Pettis

Great Rebalancing (eBook, ePUB)

Trade, Conflict, and the Perilous Road Ahead for the World Economy - Updated Edition

• Format: ePub

Produktbeschreibung

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.

Produktdetails

• Verlag: Princeton University Press
• Seitenzahl: 256
• Erscheinungstermin: 26. Oktober 2014
• Englisch
• ISBN-13: 9781400852260
• Artikelnr.: 56803281

Autorenporträt

Michael Pettis With a new preface by the author

Rezensionen

"This is a book that should be read by: (a) politicians, central bankers and anybody else involved in macroeconomic policy; (b) all economists; (c) all students of economics; and (d) everybody else. The Great Rebalancing: Trade, Conflict and the Perilous Road Ahead for the World Economy by Michael Pettis is as sharp and clear as a cut diamond in its analysis of the continuing global imbalances. The author brings logic, accounting identities and clarity of thought and language to bear on the issue of prospects for the global economy, putting most other commentators into the shade."--Diane Coyle, Enlightened Economist