Need a long self explanatory analysis and book review about the following book:- The Great Rebalancing: Trade,...

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Economics

Need a long self explanatory analysis and book review about thefollowing book:-
The Great Rebalancing: Trade, Conflict, and the Perilous RoadAhead for the World Economy by Michael Pettis

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The Great Rebalancing Trade Conflict and the Perilous Road Ahead for the World Economy by Michael Pettis Authors 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 Overview Chinas 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 dislocationsa lost decade for China the breaking of the Euro and a receding of the US dollarthat will have longlasting effects Pettis explains how China has maintained massivebut unsustainableinvestment 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 US dollars role as the worlds reserve See Answer

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