Books by Michael Pettis

Last night I read the new and excellent Michael Pettis book Avoiding the Fall: China’s Economic Restructuring .  It is the single best treatment I know for understanding the dilemmas of the current Chinese economy and the need for restructuring.  My favorite bits are those comparing the current Chinese economy to the Brazilian growth of the 1960s and 70s, also investment-driven, and lasting longer than most people thought possible, and culminating in the crack-up of the 1980s, which turned out t...

The author is Michael Pettis and the subtitle is Trade, Conflict, and the Perilous Road Ahead for the World Economy .