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Trade Wars Are Class Wars

How Rising Inequality Distorts the Global Economy and Threatens International Peace

Matthew C. Klein Michael Pettis



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Yale University
02 November 2020
This is a very important book. -Martin Wolf, Financial Times Worth reading for [the authors'] insights into the history of trade and finance. -George Melloan, Wall Street Journal Trade disputes are usually understood as conflicts between countries with competing national interests, but as Matthew C. Klein and Michael Pettis show, 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.
By:   Matthew C. Klein, Michael Pettis
Imprint:   Yale University
Country of Publication:   United States
Dimensions:   Height: 235mm,  Width: 156mm,  Spine: 22mm
ISBN:   9780300244175
ISBN 10:   0300244177
Pages:   288
Publication Date:   02 November 2020
Audience:   General/trade ,  ELT Advanced
Format:   Hardback
Publisher's Status:   Active

Matthew C. Klein is the economics commentator at Barron's. Michael Pettis is professor of finance at Peking University's Guanghua School of Management and a senior fellow at the Carnegie Endowment for International Peace.

Reviews for Trade Wars Are Class Wars: How Rising Inequality Distorts the Global Economy and Threatens International Peace

Trade Wars are Class Wars is a must-read from two of the most astute commentators on the global economy. Klein and Pettis offer an essential analysis of how domestic inequality and international conflict are interlinked, and provide an answer to the crisis of globalization. -Adam Tooze, author of Crashed: How a Decade of Financial Crises Changed the World An erudite, original, and provocative explanation of the global economic imbalances that have been at the root of numerous financial crises. -Ernesto Zedillo, Director of the Yale Center for the Study of Globalization This is a book that everyone concerned with the global economy should read. A fascinating account of the damage that rising inequality-especially in China and Germany-has done to all our economies -Dani Rodrik, Harvard University

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