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

LINK TO DOWNLOAD OR READ!!

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

Get Free Trial Just For Today!

Register Now!

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

[DOWNLOAD] pdf The Great Rebalancing: Trade, Conflict, and the Perilous Road Ahead for the World Eco