The Great Rebalancing : : Trade, Conflict, and the Perilous Road Ahead for the World Economy - Updated Edition / / Michael Pettis.

• Superior document: Title is part of eBook package: De Gruyter Princeton University Press Complete eBook-Package 2014-2015
• VerfasserIn: Pettis, Michael,
• TeilnehmendeR: Pettis, Michael.
• Place / Publishing House: Princeton, NJ : : Princeton University Press, , [2014]; ©2015
• Year of Publication: 2014
• Edition: Updated edition with a New Preface
• Language: English
• Physical Description: 1 online resource (256 p.)

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.

Table of Contents

Frontmatter -- Contents -- Preface to the Paperback Edition -- Chapter one. Trade Imbalances and the Global Financial Crisis -- Chapter two. How Does Trade Intervention Work? -- Chapter three.The Many Forms of Trade Intervention -- Chapter four. The Case of Unbalanced Growth in China -- Chapter five. The Other Side of the Imbalances -- Chapter six. The Case of Europe -- Chapter seven. Foreign Capital, Go Home! -- Chapter eight. The Exorbitant Burden -- Chapter nine. When Will the Global Crisis End? -- APPENDIX. Does income inequality lead to unemployment? -- Notes -- Index