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Michael Pettis

Writing for PS since 2013
2 commentaries
0 videos & podcasts

Michael Pettis is Professor of Finance at Peking University and a senior associate at the Carnegie Endowment.

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The Debt-Ratio Distraction
Paul Lachine

The Debt-Ratio Distraction

May 22, 2013 Michael Pettis

1
The Saver’s Dilemma
Paul Lachine

The Saver’s Dilemma

Feb 19, 2013 Michael Pettis

9

Missing the Big Picture on Poverty Reduction
Johannes Eisele/AFP via Getty Images

Missing the Big Picture on Poverty Reduction

Yuen Yuen Ang argues that the experience of China reinforces doubts about reliance on randomized controlled trials.

2
Global Trade’s Bright (Green) Future
dowell/Getty Images

Global Trade’s Bright (Green) Future

Pascal Lamy reports on the progress made toward reducing greenhouse-gas emissions from the shipping industry.

0
The Fall of the Berlin Wall and Social Democracy
Mlenny/Getty Images

The Fall of the Berlin Wall and Social Democracy

Daron Acemoglu

The fall of the Berlin Wall heralded not only the collapse of communism in Europe, but also the destruction of a broader – and far more constructive – social-democratic compact. To prevent a return to extremism and instability, that compact must be refashioned for the twenty-first century.

0
The Digital Money Revolution
Getty Images

The Digital Money Revolution

Huw van Steenis explains how policymakers should respond to the decline of cash and an explosion in new payment methods.

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The Growing Threat of Water Wars
Christopher Furlong/Getty Images

The Growing Threat of Water Wars

Jayati Ghosh highlights the escalating danger posed by strain on one of our most essential resources.

1
China’s Risky Endgame in Hong Kong
Miguel Candela/SOPA Images/LightRocket via Getty Images

China’s Risky Endgame in Hong Kong

Minxin Pei

In 2017, Chinese President Xi Jinping declared that by the time the People’s Republic celebrates its centenary in 2049, it should be a “great modern socialist country” with an advanced economy. But following through with planned measures to tighten mainland China's grip on Hong Kong would make achieving that goal all but impossible.

3
America’s Feeble Indo-Pacific Strategy
Ted Aljibe/AFP via Getty Images

America’s Feeble Indo-Pacific Strategy

Brahma Chellaney urges US President Donald Trump to add strategic heft to his Asia policy and check Chinese aggression.

0
When Markets and Mobility Collide
Javier Torres/AFP via Getty Images

When Markets and Mobility Collide

Ricardo Hausmann explains why even modest liberalization of transport prices can trigger mass protests, as in Chile.

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