000			02468cam a2200277zu 4500
001			88811628
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005			20251020124128.0
006			m o d
007			cr un
008			251020s2013 fr | o|||||0|0|||eng d
020			_a9780691158686
035			_aFRCYB88811628
040			_aFR-PaCSA _ben _c _erda
100	1		_aPettis, Michael
245	0	1	_aThe Great Rebalancing _bTrade, Conflict, and the Perilous Road Ahead for the World Economy _c['Pettis, Michael']
264		1	_bPrinceton University Press _c2013
300			_a p.
336			_btxt _2rdacontent
337			_bc _2rdamdedia
338			_bc _2rdacarrier
650		0	_a
700	0		_aPettis, Michael
856	4	0	_2Cyberlibris _uhttps://international.scholarvox.com/netsen/book/88811628 _qtext/html _a
520			_aChina'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.
999			_c1556439 _d1556439