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

Author: Michael Pettis

Pages: 216

Category: Economics

E-book file-sizes: 2.59 - 8.91 Mb

Download Book

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--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.

The E-Book The Great Rebalancing: Trade, Conflict, and the Perilous Road Ahead for the World Economy by Michael Pettis is available at the next formats: fb2, pdf, mobi.


Direct links for download E-book 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.fb2 (2.59 Mb)

The Great Rebalancing: Trade, Conflict, and the Perilous Road Ahead for the World Economy.pdf (8.91 Mb)

The Great Rebalancing: Trade, Conflict, and the Perilous Road Ahead for the World Economy.mobi (4.69 Mb)


Tags:

Download e-book The Great Rebalancing: Trade, Conflict, and the Perilous Road Ahead for the World Economy for free, the-great-rebalancing-trade-conflict-and-the-perilous-road-ahead-for-the-world-economy.pdf, the-great-rebalancing-trade-conflict-and-the-perilous-road-ahead-for-the-world-economy.fb2, download pdf books, download books free, download books fb2, mobi. Download book The Great Rebalancing: Trade, Conflict, and the Perilous Road Ahead for the World Economy for Kindle.

You may also like these books:

The History Of Banks: To Which Is Added, A Demonstration Of The Advantages And Necessity Of Free Competition In The Business Of Banking - Scholar's Choice Edition
The History Of Banks: To Which Is Added, A Demonstration Of The Advantages And Necessity Of Free Competition In The Business Of Banking - Scholar's Choice Edition

The History Of Banks: To Which Is Added, A Demonstration Of The Advantages And Necessity Of Free Competition In The Business Of Banking - Scholar's Choice Edition

Richard Hildreth

The 2016 Report On Insurance Agencies And Brokerages: World Market Segmentation By City
The 2016 Report On Insurance Agencies And Brokerages: World Market Segmentation By City

The 2016 Report On Insurance Agencies And Brokerages: World Market Segmentation By City

World Market Segmentation by City

Community Capitalism In China: The State, The Market, And Collectivism
Community Capitalism In China: The State, The Market, And Collectivism

Community Capitalism In China: The State, The Market, And Collectivism

Professor Xiaoshuo Hou

An Executive Summary Of Jaron Lanier's 'Who Owns The Future?'
An Executive Summary Of Jaron Lanier's 'Who Owns The Future?'

An Executive Summary Of Jaron Lanier's 'Who Owns The Future?'

A. D. Thibeault

Breakout Nations: In Pursuit Of The Next Economic Miracles
Breakout Nations: In Pursuit Of The Next Economic Miracles

Breakout Nations: In Pursuit Of The Next Economic Miracles

Ruchir Sharma

The Value Of Money (Classic Reprint)
The Value Of Money (Classic Reprint)

The Value Of Money (Classic Reprint)

Benjamin McAlester Anderson

Housing And Mortgage Markets In Historical Perspective (National Bureau Of Economic Research Conference Report)
Housing And Mortgage Markets In Historical Perspective (National Bureau Of Economic Research Conference Report)

Housing And Mortgage Markets In Historical Perspective (National Bureau Of Economic Research Conference Report)

Eugene N. White, Kenneth Snowden, Price Fishback

Planificacion, Prospectiva Y Gestion Publica: Reflexiones Para La Agenda De Desarrollo (Libros De La CEPAL)
Planificacion, Prospectiva Y Gestion Publica: Reflexiones Para La Agenda De Desarrollo (Libros De La CEPAL)

Planificacion, Prospectiva Y Gestion Publica: Reflexiones Para La Agenda De Desarrollo (Libros De La CEPAL)

Economic Commission for Latin America and the Caribbean