Chapter 1 of The Great Rebalancing: Trade, Conflict and the Perilous Road Ahead for the World Economy by Michael Pettis is available to read for free online at the Princeton University Press website.
It isn’t often that I bill anything as a must-read, but this really is, for anybody who wants to understand what has been happening in the world economy in the past decades, the causes and consequences of global imbalances. As another recent comment on my previous post on this book puts it, this book is a game changer. Click through and read the sample chapter!
The Great Rebalancing: Trade, Conflict, and the Perilous Road Ahead for the World Economy