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16min chapter
China Is Exporting Unemployment | Michael Pettis on Global Trade Imbalances, American Capital Controls, and the End of The Chinese Growth Miracle
Forward Guidance
Exploring Global Trade Imbalances and Economic Interventions
The chapter delves into the complexities of global trade imbalances, discussing how trade can impact unemployment, savings rates, and economic growth. It examines the historical perspective on trade imbalances and the role of different economic interventions like tariffs, interest rates, and deficits in influencing trade relationships. The conversation challenges the traditional economic view on tariffs and highlights the nuances in their impact based on specific conditions in the global economy.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode