Some orders may be delayed by the current Coronavirus lockdown.
Visit our help page for further information.
The Great Rebalancing: Trade, Conflict, and the Perilous Road Ahead for the World Economy (Hardback)
  • The Great Rebalancing: Trade, Conflict, and the Perilous Road Ahead for the World Economy (Hardback)
zoom

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

(author)
£25.00
Hardback 232 Pages / Published: 08/02/2013
  • We can order this

Usually dispatched within 1 week

  • This item has been added to your basket
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--a lost decade for China, the breaking of the Euro, and a receding of the U.S. dollar--that will have long-lasting effects. Pettis explains how China has maintained massive--but unsustainable--investment growth by artificially lowering the cost of capital. He discusses how Germany is endangering the Euro by favoring its own development at the expense of its neighbors. And he looks at how the U.S. dollar's role as the world's reserve currency burdens America's economy. Although various imbalances may seem unrelated, Pettis shows that all of them--including the U.S. consumption binge, surging debt in Europe, China's investment orgy, Japan's long stagnation, and the commodity boom in Latin America--are closely tied together, and that it will be impossible to resolve any issue without forcing a resolution for all. Demonstrating how economic policies can carry negative repercussions the world over, The Great Rebalancing sheds urgent light on our globally linked economic future.

Publisher: Princeton University Press
ISBN: 9780691158686
Number of pages: 232
Weight: 482 g
Dimensions: 235 x 152 x 23 mm

You may also be interested in...

The Death of Money
Added to basket
Freefall
Added to basket
£9.99
Paperback
The Bottom Billion
Added to basket
£9.99
Paperback
Making Globalization Work
Added to basket
Whoops!
Added to basket
£9.99
Paperback
The White Man's Burden
Added to basket
Stress Test
Added to basket
£9.99
Paperback
False Dawn
Added to basket
£8.99
Paperback
Treasure Islands
Added to basket
The Globalization Paradox
Added to basket
Bad Samaritans
Added to basket
£9.99
Paperback
False Economy
Added to basket
£9.99
Paperback
For All the Tea in China
Added to basket

Please sign in to write a review

Your review has been submitted successfully.