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

by Michael Pettis
₱300.15
The Great Rebalancing : Trade, Conflict, and the Perilous Road Ahead for the World Economy - Thryft
The Great Rebalancing : Trade, Conflict, and the Perilous Road Ahead for the World Economy - Thryft

Trade imbalances and their economic repercussions explained.

"The Great Rebalancing" provides a clear and insightful exploration of the global economy, debunking popular misconceptions about trade imbalances and their effects. Pettis provides readers with a deep dive into the policies behind these destabilizing factors and their potential for economic dislocations that could last for years to come. This book is recommended for anyone interested in understanding the intricacies of the global economy and how seemingly disparate issues are actually closely intertwined.

Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.

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

by Michael Pettis
₱300.15
ISBN: 9780691158686
Estimated First-hand Retail Price: ₱2,175.75
Authors: Michael Pettis
Publisher: Princeton University Press
Date of Publication: 2013-01-22
Format: Hardcover
Related Collections: Politics, Economics, History, Business
Related Topics: History, Finance, Money, Politics, Finance
Goodreads rating: 4.24
(rated by 459 readers)

Description

How trade imbalances spurred on the global financial crisis and why we aren't out of trouble yetChina'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.
Condition guide

Book Condition Guide

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This book may contain very minor cosmetic defects, but it is in pristine condition. There should be no yellowing, no foxing, no water damage, and no annotations of any kind on the cover and the pages. For paperbacks, there should not be any crease marks on the spine. This book is good as new — lucky you!

*Books may be missing bundle media (e.g. CD, e-book code), if included.

Books in Very Good Condition

This book has been used, but it is still in a clean condition. There should be no foxing or annotations of any kind on the inner pages, but a sparse amount may be present on the cover, title pages, or outside edges of the book. There should be no water damage of any kind. For paperbacks, there may be light crease marks on the spine.

*Books may be missing bundle media (e.g. CD, e-book code), if included.

Books in Good Condition

We do our best to ensure the quality of our books, but there is no escaping the wear and tear that comes with time. Slight foxing and some annotations may be present on the pages and the cover. There should be no water damage of any kind. For paperbacks, there may be several crease marks on the spine.

*Books may be missing bundle media (e.g. CD, e-book code), if included.

Books in Well Read Condition

This is a well-read book, which means that the previous owner probably really enjoyed it! The cover and pages may include moderate foxing and annotations, but the text is not obscured and still readable. Moderate cosmetic defects and minor water damage may be present on the edges of the book. For paperbacks, there may be multiple crease marks on the spine.

*Books may be missing bundle media (e.g. CD, e-book code), if included.

 

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Trade imbalances and their economic repercussions explained.

"The Great Rebalancing" provides a clear and insightful exploration of the global economy, debunking popular misconceptions about trade imbalances and their effects. Pettis provides readers with a deep dive into the policies behind these destabilizing factors and their potential for economic dislocations that could last for years to come. This book is recommended for anyone interested in understanding the intricacies of the global economy and how seemingly disparate issues are actually closely intertwined.

Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.