图书标签: 经济 金融 经济学 中国研究 中国经济 美国 政治 MichaelPettis
发表于2024-11-21
The Great Rebalancing pdf epub mobi txt 电子书 下载 2024
China'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.
Michael Pettis is professor of finance and economics at Peking University, a senior associate at the Carnegie Endowment, and a widely read commentator on China, Europe, and the global economy. He is the author of The Volatility Machine: Emerging Economies and the Threat of Financial Collapse.
需要認真學習。重复太多,写几篇论文/blog显然是作者更喜欢的方式。 美国,近欧国家,德,中,日案例学习,不太清楚具体情况现在是什么,可是没有作者期待的解决方案在真的实行吧(起码中国是烷)。非常有帮助的基本框架。
评分外行表示不明觉厉。。似乎要先去补补宏观经济学
评分基本把所有关于中国经济的stereotype都推翻了。信息太多表示还无法融会贯通。整体认为发展中国家尤其是中国的经济不稳定性来自于经济资源分配的不均衡
评分A powerful illustration of how little understanding most analysts have of economics. Through accounting identifies and economic history, Pettis masterfully explains the forces underlying forces shaping international economics and in so doing, blows away one cliche after another about China's place in the world.
评分A powerful illustration of how little understanding most analysts have of economics. Through accounting identifies and economic history, Pettis masterfully explains the forces underlying forces shaping international economics and in so doing, blows away one cliche after another about China's place in the world.
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The Great Rebalancing pdf epub mobi txt 电子书 下载 2024