The great rebalancing : trade, conflict, and the perilous road ahead for the world economy / Michael Pettis.
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TextPublication details: Princeton : Princeton University Press, c2013.Description: ix, 219 p. ; 24 cmISBN: - 9780691163628 (pbk.)
- 0691163626 (pbk.)
- 9780691158686 (hbk.)
- 382.17 23
- HF1014 .P46 2013
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| 382 SEY Export-import theory, practices, and procedures / | 382.104 KLU Theories of international trade / | 382.17 INT Balance of payments and international investment position manual /. | 382.17 PET The great rebalancing : | 382.17091724 DEL The balance of payments adjustment process in developing countries / | 382.17091724 MOD Models of balance of payments constrained growth : | 382.6309669 PRO Promoting the export potential of cassava, sesame seed and rubber in Nigeria : |
Includes bibliographical references (p. [197]-203) and index.
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.
oif 24/06/15
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