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The Great Rebalancing: Trade, Conflict, And The Perilous Road Ahead For The World Economy-used PEURIFOY It Expanded From A StateHow Trade Imbalances Spurred On The Global Financial Crisis And Why We Aren'T Out Of Trouble Yetchina'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