The Great Rebalancing (eBook)

Trade, Conflict, and the Perilous Road Ahead for the World Economy - Updated Edition

Michael Pettis (Autor)

eBook Download: EPUB

2014 | Updated Edition
256 Seiten
Princeton University Press (Verlag)
978-1-4008-5226-0 (ISBN)

Infos

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 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.

Autor

Michael Pettis is professor of finance and economics at Peking University, a senior associate at the Carnegie Endowment, and a widely read commentator on China, Europe, and the global economy. He is the author of The Volatility Machine: Emerging Economies and the Threat of Financial Collapse.

Produkt-Details

• Erscheint lt. Verlag: 26.10.2014
• Vorwort: Michael Pettis
• Verlagsort: Princeton
• Sprache: englisch
• Themenwelt: Sozialwissenschaften ► Politik / Verwaltung ► Europäische / Internationale Politik
• Themenwelt: Wirtschaft ► Allgemeines / Lexika
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre ► Finanzwissenschaft
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre ► Makroökonomie
• Schlagworte: Accounting identity • americans • asset • At Best • balance of trade • balance sheet • Bank • Bankruptcy • business sector • Capitalism • Central Bank • Commodity • consumer • Consumption (Economics) • Consumption Tax • Cost of capital • Creditor • credit risk • Currency • currency war • Current Account • debt • Debt Crisis • Debt Restructuring • Demat account • Deposit account • Devaluation • developed country • Disposable and discretionary income • domestic policy • Economic Growth • Economic Inequality • Economics • economic stagnation • economist • economy • Economy of China • Economy of the United States • Employment • Exchange Rate • exchange value • Exorbitant Privilege • Expense • Export • External Debt • Externality • Financial Account • Financial Crisis • Financial Distress • Financial Repression • Financial Times • Foreign Direct Investment • Foreign trade of the United States • Funding • global catastrophic risk • global imbalances • Government bond • Government Debt • Hidden tax • Household • Household income • income • Income Tax • Inflation • Interest • Interest Rate • International Trade • Investment • Investor • Lewis Carroll • market liquidity • monetary policy • National debt of the United States • National Savings Rate • Net Importer • Overconsumption • Percentage point • Policy • Productivity • Profit (economics) • real estate bubble • Real versus nominal value (economics) • Recession • Renminbi • Revaluation • saving • Subsidy • tariff • Tax • The Wealth Effect • trade war • underconsumption • Unemployment • Unemployment benefits • United States Dollar • United States Treasury security • Value (economics) • wage • Wealth • World Economy
• ISBN-10: 1-4008-5226-9 / 1400852269
• ISBN-13: 978-1-4008-5226-0 / 9781400852260