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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.
Customer ReviewsMost Helpful
By Basar Ergun on 01-20-17
A must book!
A must book for whose interested in finance, economy and geopolitics or world matters. Although the performance is excellent i recommend the paper or kindle version since the topics sometimes require reading back as well as seeing the formulas.
By Yuri on 02-18-15
Deep and professional while easy to understand.
What did you love best about The Great Rebalancing?
It's deep and professional, while also written in easy to understand language with many examples that really clarify the subject. It's also free from hidden advertisements - no references to paid web sites etc...
What did you like best about this story?
It describes the current economic situation in objective and balanced way, including some non so intuitive economical matters in simple ways.