Adjunct Professor Michael Pettis: The Great Rebalancing: Trade, Conflict, and the Perilous Road Ahead for the World Economy

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


Description

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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Author: Adjunct Professor Michael Pettis
Number of Pages: 256 pages
Published Date: 25 Nov 2014
Publisher: Princeton University Press
Publication Country: New Jersey, United States
Language: English
ISBN: 9780691163628
Download Link: Click Here
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