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The great rebalancing; trade, conflict, and the perilous road ahead for the world economy.

9780691158686

The great rebalancing; trade, conflict, and the perilous road ahead for the world economy.

Pettis, Michael.

Princeton U. Press

2013

219 pages

$29.95

Hardcover

HF1014

Pettis (finance and economics, Peking U.) does not make the subject simple, but he does discuss the status of the world economy in a manner that affords serious general readers access to a clarifying historical and conceptual framework. He begins with trade imbalances and the global financial crisis, explaining the meaning and implications of underconsumption and destabilizing imbalances as well as pervasive misconceptions and "the inanity of moralizing." Subsequent chapters expand on the many forms of trade interventions, unbalanced growth in China, the mechanics of the crisis in Europe and adjustments necessary in Germany. The concluding chapter discusses when the global crisis will end.

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Publication:Reference & Research Book News
Article Type:Brief article
Date:Jun 1, 2013
Words:137
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