The Great Rebalancing
Trade, Conflict, and the Perilous Road Ahead for the World Economy - Updated Edition
Michael Pettis
The book analyzes the global economic imbalances driven by national policies that promote trade surpluses and deficits, arguing that these imbalances are unsustainable and lead to financial crises. It proposes that rebalancing through significant adjustments in consumption and debt patterns is essential for global economic stability.
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