Buy new:
$13.89
List Price: $19.95

The List Price is the suggested retail price of a new product as provided by a manufacturer, supplier, or seller. Except for books, Amazon will display a List Price if the product was purchased by customers on Amazon or offered by other retailers at or above the List Price in at least the past 90 days. List prices may not necessarily reflect the product's prevailing market price.
Learn more
Save: $6.06 (30%)
FREE Returns
No Import Fees Deposit & $15.84 Shipping to Finland Details

Shipping & Fee Details

Price $13.89
AmazonGlobal Shipping $15.84
Estimated Import Fees Deposit $0.00
Total $29.73

Delivery Tuesday, April 23. Order within 21 hrs 52 mins
Or fastest delivery Friday, April 12
Only 11 left in stock (more on the way).
$$13.89 () Includes selected options. Includes initial monthly payment and selected options. Details
Price
Subtotal
$$13.89
Subtotal
Initial payment breakdown
Shipping cost, delivery date, and order total (including tax) shown at checkout.
Added to

Sorry, there was a problem.

There was an error retrieving your Wish Lists. Please try again.

Sorry, there was a problem.

List unavailable.
Loading your book clubs
There was a problem loading your book clubs. Please try again.
Not in a club? Learn more
Amazon book clubs early access

Join or create book clubs

Choose books together

Track your books
Bring your club to Amazon Book Clubs, start a new book club and invite your friends to join, or find a club that’s right for you for free.
Kindle app logo image

Download the free Kindle app and start reading Kindle books instantly on your smartphone, tablet, or computer - no Kindle device required.

Read instantly on your browser with Kindle for Web.

Using your mobile phone camera - scan the code below and download the Kindle app.

QR code to download the Kindle App

Follow the author

Something went wrong. Please try your request again later.

The Great Rebalancing: Trade, Conflict, and the Perilous Road Ahead for the World Economy - Updated Edition Paperback – October 26, 2014

4.5 out of 5 stars 187

{"desktop_buybox_group_1":[{"displayPrice":"$13.89","priceAmount":13.89,"currencySymbol":"$","integerValue":"13","decimalSeparator":".","fractionalValue":"89","symbolPosition":"left","hasSpace":false,"showFractionalPartIfEmpty":true,"offerListingId":"gPwgKzpMVJiaVYQmh3v4wj8YuSgAsLv642MSemcTezIippNh9v1GGBtWzH0zlwG9lRHhgTEpLJvGlmdoA4702QGQmd3wcbOojooOpxnSgPj4os5Yd9ctN5TQ6SWXTECV9YfK2JuyCU0oCGAtmNZqkQ%3D%3D","locale":"en-US","buyingOptionType":"NEW","aapiBuyingOptionIndex":0}]}

Purchase options and add-ons

Frequently bought together

$13.89
Only 11 left in stock (more on the way).
Ships from and sold by Amazon.com.
+
$17.66
Usually ships within 3 to 5 days
Ships from and sold by Amazon.com.
Total price:
To see our price, add these items to your cart.
Details
Added to Cart
Some of these items ship sooner than the others.
Choose items to buy together.

Editorial Reviews

Review

"[Michael Pettis is] a brilliant economic thinker."---Edward Chancellor, Wall Street Journal

"Insightful. . . . [O]ffers a sweeping perspective that links trade, exchange rates, and cross-border capital flows to underlying domestic taxation, investment, and fiscal policies. . . . Pettis's erudite, but lucid and very readable analysis brims with surprising ripostes to conventional wisdom. . . . Pettis's stimulating, contrarian take on the present crisis challenges dogma with clear thinking." ―
Publishers Weekly

"This is a book that should be read by: (a) politicians, central bankers and anybody else involved in macroeconomic policy; (b) all economists; (c) all students of economics; and (d) everybody else.
The Great Rebalancing: Trade, Conflict and the Perilous Road Ahead for the World Economy by Michael Pettis is as sharp and clear as a cut diamond in its analysis of the continuing global imbalances. The author brings logic, accounting identities and clarity of thought and language to bear on the issue of prospects for the global economy, putting most other commentators into the shade."---Diane Coyle, Enlightened Economist

"[A] book full of easy-to-understand, yet often misunderstood theories, explanations and predictions for what went wrong internationally before the 2008 Financial Crisis, what has been going on since, and where things are likely to head in the future. . . .
The Great Rebalancing is probably one of the clearest, most elegant and logically written explanations of world trade, including both how policies affect trade and how trade affects economies. . . . [T]his is not just a China book, but a book encompassing some of the biggest economic and financial questions of our time. The persuasive, clear and well-reasoned arguments behind many of the seemingly unorthodox ideas in the book will make it both pleasing and nicely unsettling for many readers. Hopefully its message will be heard amongst policymakers before some of the more disturbing predictions become realities."---James Parker, Diplomat

"With much pleasure, I highly recommend Michael Pettis' newest book
The Great Rebalancing. . . . Michael Pettis has taught me most of what I know about global trade. I also happen to believe he is the world's foremost expert on China in relation to trade and global macro events. I give two thumbs up to The Great Rebalancing."---Mike "Mish" Shedlock, Global Economic Analysis

"I've been waiting for this book for over 10 years. . . . Anyone who wants to understand international economics better will benefit from this book. I cannot recommend it more highly."
---David Merkel, Seeking Alpha

"This is a dense and well-argued book. . . . It will be read with interest by the large and growing community that follows China's economy."
---Mark O'Neill, South China Morning Post

"
The Great Rebalancing is probably one of the clearest, most elegant and logically written explanations of world trade, including both how policies affect trade and how trade affects economies. . . . [T]his is not just a China book, but a book encompassing some of the biggest economic and financial questions of our time. The persuasive, clear and well-reasoned arguments behind many of the seemingly unorthodox ideas in the book will make it both pleasing and nicely unsettling for many readers. Hopefully its message will be heard amongst policymakers before some of the more disturbing predictions become realities."---James Parker, Diplomat Pacific Money Blog

"[F]ascinating reading." ―
BizEd

"[
The Great Rebalancing] is original and quite convincing, and coherently challenges conventional accounts." ― Choice

"Demonstrating how economic policies can carry negative repercussions the world over,
The Great Rebalancing sheds urgent light on our globally linked economic future." ― World Book Industry

"Policymakers should heed the macroeconomic laws that Pettis articulates. His text is a sound introduction to global balance-of-payment mechanisms, using the financial crisis as the ideal case study." ―
Survival

"Pettis does a major service in explaining the determinants of global imbalances, providing insights into the functioning of the Chinese economy, while bringing in quotes from historical figures, prominent economists, and misguided pundits. . . . I hope this book stimulates a more informed debate on how to rebalance growth, trade, and capital flows in the least disruptive manner."
---Caroline Freund, Journal of World Trade Review

"Pettis does a major service in explaining the determinants of global imbalances, providing insights into the functioning of the Chinese economy, while bringing in quotes from historical figures, prominent economists, and misguided pundits. This serves the purpose of underscoring how confused thinking can be on this important topic--a topic that ultimately helps determine the distribution of growth and jobs around the globe. I hope this book stimulates a more informed debate on how to rebalance growth, trade, and capital flows in the least disruptive manner."
---Caroline Freund, Journal of World Trade

"
The Great Rebalancing offers a stimulating read. The author advances many arguments I find quite interesting and pushes me to rethink issues I tend to take for granted. It certainly provides a different perspective."---Paul Deng, Copenhagen Journal of Asian Studies

"
The Great Rebalancing does what all good books should do: it prompts the reader to question old assumptions and think about the world in a slightly different way. That is not only intellectually stimulating; it is, or should be, also of practical value. Maybe one day they will even get around to reading, and learning from, this book in Berlin."---Guy de Jonquiéres, Economic Record

Review

"Through the past decade of China's financial and strategic emergence, Michael Pettis has been a source of unfailing common sense about the possibilities and limitations of the Chinese model. Now he has put his analysis and recommendations into one concise book. I highly recommend reading and reconsulting his book to put the daily flow of China news into perspective."―James Fallows, author of China Airborne

"This is a brilliant book, one that absolutely must be read by all who are concerned with globalization's future. Michael Pettis debunks the reigning conventional wisdom about international trade, finance, and globalization, and provides the most clear-eyed, unbiased, and unvarnished insights into how the Chinese economy works. From Chinese savers to Greek debtors to American bankers, Pettis shows how we are all connected―and what to prepare for on the road ahead."
―Clyde Prestowitz, author of The Betrayal of American Prosperity

"Michael Pettis has written an essential guide to the macroeconomic imbalances that bedevil today's global economy. We ignore his message at our peril."
―Dani Rodrik, author of The Globalization Paradox

"This is a profoundly interesting exploration of the causes of the trade and capital imbalances that produced the 2008 financial crisis. Michael Pettis argues that the structural gap between China's domestic consumption and production is the central reason for its pursuit of export-led growth through currency undervaluation. His analysis focuses valuable attention on the deep domestic reforms required in all the major trading countries for the 'great rebalancing' of their international accounts―and the avoidance of continuing crises."
―Robert Skidelsky, author of Keynes: The Return of the Master

Product details

  • Publisher ‏ : ‎ Princeton University Press; Revised edition (October 26, 2014)
  • Language ‏ : ‎ English
  • Paperback ‏ : ‎ 256 pages
  • ISBN-10 ‏ : ‎ 0691163626
  • ISBN-13 ‏ : ‎ 978-0691163628
  • Item Weight ‏ : ‎ 8 ounces
  • Dimensions ‏ : ‎ 6.07 x 0.7 x 8.49 inches
  • Customer Reviews:
    4.5 out of 5 stars 187

About the author

Follow authors to get new release updates, plus improved recommendations.
Michael Pettis
Brief content visible, double tap to read full content.
Full content visible, double tap to read brief content.

Discover more of the author’s books, see similar authors, read author blogs and more

Customer reviews

4.5 out of 5 stars
4.5 out of 5
187 global ratings

Top reviews from the United States

Reviewed in the United States on November 5, 2016
3 people found this helpful
Report
Reviewed in the United States on October 17, 2013
4 people found this helpful
Report
Reviewed in the United States on March 6, 2013
5 people found this helpful
Report

Top reviews from other countries

Translate all reviews to English
Philip De Groot
4.0 out of 5 stars Countries that produce more than they consume "export" demand by buying US securities in order to suppress domestic wages.
Reviewed in Canada on March 20, 2015
One person found this helpful
Report
Scott
5.0 out of 5 stars Clear articulation for the muddled minds on macro-economics
Reviewed in the United Kingdom on October 4, 2013
5 people found this helpful
Report
Witzke, Rudolf
5.0 out of 5 stars Ein Muss für alle, die die globale Wirtschaft verstehen wollen
Reviewed in Germany on September 8, 2013
3 people found this helpful
Report
Thomas P Joyce
4.0 out of 5 stars Four Stars
Reviewed in Canada on October 2, 2015
M. K.
5.0 out of 5 stars Five Stars
Reviewed in the United Kingdom on September 4, 2015