Listen free for 30 days

Listen with offer

Preview
  • The Great Rebalancing

  • Trade, Conflict, and the Perilous Road Ahead for the World Economy
  • By: Michael Pettis
  • Narrated by: A.T. Chandler
  • Length: 7 hrs and 37 mins
  • 4.5 out of 5 stars (23 ratings)

£0.00 for first 30 days

Pick 1 audiobook a month from our unmatched collection - including bestsellers and new releases.
Listen all you want to thousands of included audiobooks, Originals, celeb exclusives, and podcasts.
Access exclusive sales and deals.
£7.99/month after 30 days. Renews automatically. See here for eligibility.

The Great Rebalancing

By: Michael Pettis
Narrated by: A.T. Chandler
Try for £0.00

£7.99/month after 30 days. Renews automatically. See here for eligibility.

Buy Now for £13.99

Buy Now for £13.99

Pay using card ending in
By completing your purchase, you agree to Audible's Conditions of Use and authorise Audible to charge your designated card or any other card on file. Please see our Privacy Notice, Cookies Notice and Interest-based Ads Notice.

Summary

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.

©2013 Princeton University Press (P)2013 Audible, Inc.
activate_Holiday_promo_in_buybox_DT_T2

Listeners also enjoyed...

Trade Wars Are Class Wars cover art
Failed cover art
The Asian Financial Crisis 1995-98 cover art
Safe Haven cover art
The Power of Crisis cover art
Money, Sound, & Unsound cover art
The Weaponisation of Everything cover art
When Money Dies cover art
How the Economy Works cover art
Code Red cover art
The Economic Weapon cover art
The New Gold Standard cover art
Disunited Nations cover art
Crisis Economics cover art
Zombie Economics cover art
The Instant Economist cover art

What listeners say about The Great Rebalancing

Average customer ratings
Overall
  • 4.5 out of 5 stars
  • 5 Stars
    15
  • 4 Stars
    5
  • 3 Stars
    3
  • 2 Stars
    0
  • 1 Stars
    0
Performance
  • 4 out of 5 stars
  • 5 Stars
    10
  • 4 Stars
    4
  • 3 Stars
    3
  • 2 Stars
    1
  • 1 Stars
    1
Story
  • 4.5 out of 5 stars
  • 5 Stars
    12
  • 4 Stars
    4
  • 3 Stars
    2
  • 2 Stars
    1
  • 1 Stars
    0

Reviews - Please select the tabs below to change the source of reviews.

Sort by:
Filter by:
  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars

amazing book.. love it.

it could not be possible to explain trade imbalance better.. I loved it. amazing
the world need to a better system to accommodate growing need of efficient allocation of scarce resources.

Something went wrong. Please try again in a few minutes.

You voted on this review!

You reported this review!

  • Overall
    5 out of 5 stars
  • Performance
    2 out of 5 stars
  • Story
    5 out of 5 stars

Excellent account of world trade

Michael Pettis displays a sound understanding of the global economy and illustrates how economic behaviour in one country causes reverberations in another.
Essentially, important points to take home is that the Dollar as a reserve currency is more of an exorbitant burden than an exorbitant privilege for the US, and that Germany's policy exacts pressure upon peripheral Eurozone countries.
Pettis offers sound arguments against cultural stereotypes of countries alleged to be virtuous, hardworking and thrifty, as opposed to those stereotyped as being lazy and living beyond one's means.
The only complaint is the narrator A.T. Chandler really should have taken the very small effort to learn the basic rules of Pinyin and Chinese pronunciation, as almost every Chinese name is incorrectly pronounced, including Chongqing. This is the only let down in what is otherwise an excellent piece of work.

Something went wrong. Please try again in a few minutes.

You voted on this review!

You reported this review!

  • Overall
    5 out of 5 stars
  • Performance
    4 out of 5 stars
  • Story
    5 out of 5 stars

Exceptional clarity

This is by far the clearest write up on global economic conditions I've read. The writer is extremely knowledgeable and makes his facts compelling. Surely a 5 star for me

Something went wrong. Please try again in a few minutes.

You voted on this review!

You reported this review!