Trade wars are class wars : how rising inequality distorts the global economy and threatens international peace / Matthew C. Klein, Michael Pettis.

Format:

Book

Author/Creator:

Klein, Matthew C., author.

Pettis, Michael, author.

Language:

English

Subjects (All):

International economic relations.

Commerce.

Social classes.

Working class.

Physical Description:

xi, 269 pages : illustrations ; 25 cm

Place of Publication:

New Haven : Yale University Press, [2020]

Summary:

Trade disputes are usually understood as conflicts between countries with competing national interests, but as Matthew C. Klein and Michael Pettis show in this book, they are often the unexpected result of domestic political choices to serve the interests of the rich at the expense of workers and ordinary retirees. Klein and Pettis trace the origins of today's trade wars to decisions made by politicians and business leaders in China, Europe, and the United States over the past thirty years. Across the world, the rich have prospered while workers can no longer afford to buy what they produce, have lost their jobs, or have been forced into higher levels of debt. In this thought-provoking challenge to mainstream views, the authors provide a cohesive narrative that shows how the class wars of rising inequality are a threat to the global economy and international peace-and what we can do about it.

Contents:

Machine generated contents note: One. From Adam Smith to Tim Cook: The Transformation of Global Trade

Two. The Growth of Global Finance

Three. Saving, Investment, and Imbalances

Four. From Tiananmen to the Belt and Road: Understanding China's Surplus

Five. The Fall of the Wall and the Schwarze Null: Understanding Germany's Surplus

Six. The American Exception: The Exorbitant Burden and the Persistent Deficit.

Notes:

Includes bibliographical references and index.

ISBN:

9780300244175

0300244177

OCLC:

1113331363