The Great Rebalancing: Trade, Conflict, and the Perilous Road Ahead for the World Economy Hardcover - 2013
by Michael Pettis
From the rear cover
"Through the past decade of China's financial and strategic emergence, Michael Pettis has been a source of unfailing common sense about the possibilities and limitations of the Chinese model. Now he has put his analysis and recommendations into one concise book. I highly recommend reading and reconsulting his book to put the daily flow of China news into perspective."--James Fallows, author of China Airborne
"This is a brilliant book, one that absolutely must be read by all who are concerned with globalization's future. Michael Pettis debunks the reigning conventional wisdom about international trade, finance, and globalization, and provides the most clear-eyed, unbiased, and unvarnished insights into how the Chinese economy works. From Chinese savers to Greek debtors to American bankers, Pettis shows how we are all connected--and what to prepare for on the road ahead."--Clyde Prestowitz, author of The Betrayal of American Prosperity
"Michael Pettis has written an essential guide to the macroeconomic imbalances that bedevil today's global economy. We ignore his message at our peril."--Dani Rodrik, author of The Globalization Paradox
"This is a profoundly interesting exploration of the causes of the trade and capital imbalances that produced the 2008 financial crisis. Michael Pettis argues that the structural gap between China's domestic consumption and production is the central reason for its pursuit of export-led growth through currency undervaluation. His analysis focuses valuable attention on the deep domestic reforms required in all the major trading countries for the 'great rebalancing' of their international accounts--and the avoidance of continuing crises."--Robert Skidelsky, author of Keynes: The Return of the Master
Details
- Title The Great Rebalancing: Trade, Conflict, and the Perilous Road Ahead for the World Economy
- Author Michael Pettis
- Binding Hardcover
- Pages 232
- Volumes 1
- Language ENG
- Publisher Princeton University Press, U.S.A.
- Date 2013-01
- Features Bibliography, Dust Cover, Index, Table of Contents
- ISBN 9780691158686 / 0691158681
- Weight 1.11 lbs (0.50 kg)
- Dimensions 9.3 x 6.42 x 0.9 in (23.62 x 16.31 x 2.29 cm)
- Library of Congress subjects International economic relations, Financial crises
- Library of Congress Catalog Number 2012039175
- Dewey Decimal Code 382.17
Media reviews
Citations
- Choice, 07/01/2013, Page 0
- Publishers Weekly, 12/10/2012, Page 0
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