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The Great Rebalancing

Trade, Conflict, and the Perilous Road Ahead for the World Economy

The Great Rebalancing by Michael Pettis
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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.

Princeton University Press; October 2014
216 pages; ISBN 9781400852260
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Title: The Great Rebalancing
Author: Michael Pettis
 
  • News
Is the World Ready for a Great Rebalancing? - the Diplomat (blog)
Wed, 13 Feb 2013 10:17:34 -0800
the Diplomat (blog)Is the World Ready for a Great Rebalancing?the Diplomat (blog)If any of the above predictions seem to ...
What Wall Street Gets Wrong About China - Newsweek
Tue, 25 Aug 2015 15:46:35 -0700
NewsweekWhat Wall Street Gets Wrong About ChinaNewsweekAs Beijing-based economist Michael Pettis writes in his book The Great ...
10 Books for Understanding China's Economy - the Diplomat
Sat, 08 Feb 2014 06:08:51 -0800
the Diplomat10 Books for Understanding China's Economythe DiplomatDespite a faulty narrative of Peking University's ...
ISBNs
1400846625
9780691163628
9781400846627
9781400852260