Search for a Journalist:
Articles about the work of Michael Pettis

China and Japan
futureofcapitalism.com

"Beijing, beware," writes a finance professor at Peking University, Michael Pettis, in Foreign Policy: "China's economic growth has followed what's sometimes called "the Japanese model." In Japan and other Asian countries, this model has proved extraordinarily successful in the short term in generating eye-popping rates of growth -- but it always eventually runs into the same fatal constraints: massive overinvestment and misallocated capital. And then a period of painful economic adjustment....too much of the economy depends on hidden subsidies to survive."

Link via The Browser, which summarizes the piece as, "Government sets industrial policy, directs resources and subsidies. Result is over-investment, misallocated capital."

Read More...


China and Japan
futureofcapitalism.com

"Beijing, beware," writes a finance professor at Peking University, Michael Pettis, in Foreign Policy: "China's economic growth has followed what's sometimes called "the Japanese model." In Japan and other Asian countries, this model has proved extraordinarily successful in the short term in generating eye-popping rates of growth -- but it always eventually runs into the same fatal constraints: massive overinvestment and misallocated capital. And then a period of painful economic adjustment....too much of the economy depends on hidden subsidies to survive."

Link via The Browser, which summarizes the piece as, "Government sets industrial policy, directs resources and subsidies. Result is over-investment, misallocated capital."

Read More...


To Add an Article Link, please sign in.

First time here? Register Free as a New User.

Write a Review of work by this Journalist

To post your review, please sign in.

First time here? Register Free as a New User.

Post a prediction made by this Journalist

To post a prediction, please sign in.

First time here? Register Free as a New User.

Michael Pettis

Age:

Facebook Page:
Twitter Account:
Phone Number:
Email Address:
Country:
Frequent Topics of Writing:
Media Outlets:
Work History:
Websites/Blogs:
Books by Michael Pettis:
Educational History:
Voter registration/Party affiliation:
Charities:
Professional Network/Frequent Sources:
Personal Network/Friends and Allies:

Sign In

Email:

Password:

Or via Facebook  

Register as a New User

© 2024 FutureOfCapitalism, LLC.

Home   |   About   |   Browse Journalists   |   Terms of Service   |   Privacy Policy

Smartertimes  |  FutureOfCapitalism.com