Your coupon has been activated.

You May Also Like

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

Today: $20.63
Out of stock
ITEM# 14988566

    Enter your email address, we will notify you if it comes back in stock.


ITEM#: 14988566

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.


ISBN 9780691158686
Genre BUSINESS & ECONOMICS / International / Economics
Format Hardcover
Pages 219
Publisher Date 2013-01-22 00:00:00.0
Publisher Princeton Univ Pr
Copyright Year 2013
Height 9.75 in
Wdth 6.5 in
Thickness 1.0 in
Unit weight 1.12 lb
Language English
Subtitle Trade, Conflict, and the Perilous Road Ahead for the World Economy
Audience General/trade
Authors Pettis, Michael

Product Reviews

Questions & Answers

Yay! Be the first to ask a question about this product.
Get your product questions answered right here.

Shopping Tips & Inspiration

Shipping & Returns

Standard Return Policy:

Items must be returned in new or unused condition and contain all original materials included with the shipment. More Details

FINAL SALE EXCLUSION: Items marked as FINAL SALE are not returnable unless the problem you experience is the result of our error.

For your protection, all orders are screened for security purposes. If your order is selected for review, our Loss Prevention Team may contact you by phone or email. There may be a two business day delay to process your order.

** Most Oversize orders are delivered within 1-4 weeks. Some orders may take 6 weeks to be delivered.

You May Also Like