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Michael Pettis

Michael Pettis

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

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  1. The Debt-Ratio Distraction
    pa3865c.jpg Paul Lachine

    The Debt-Ratio Distraction

    May 22, 2013 Michael Pettis

  2. The Saver’s Dilemma
    pa642c.jpg Paul Lachine

    The Saver’s Dilemma

    Feb 19, 2013 Michael Pettis

  1. ortiz6_STEFANI REYNOLDSAFP via Getty Images_austerity imf STEFANI REYNOLDS/AFP via Getty Images
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    Ending the Austerity Pandemic

    Isabel Ortiz & Matthew Cummins warn that governments are returning to the same failed belt-tightening policies of the past.
  2. mahbubani28_Kay Nietfeldpicture alliance via Getty Image_jokowidodobideng20 Kay Nietfeld/picture alliance via Getty Images
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    The Hard-Won Benefits of Soft Diplomacy

    Kishore Mahbubani praises Indonesia's more consultative and culturally attuned approach to international affairs.
  3. qliu2_Liu RanyangChina News Service via Getty Images_chinacovid Liu Ranyang/China News Service via Getty Images
    1

    China After Zero-COVID

    Qian Liu thinks the protests made it easier for officials to exit a policy that a faltering economy had made untenable.
  4. pei93_Kevin FrayerGetty Images_zero covid protest Kevin FrayerGetty Images
    3

    China’s Zero-COVID Muddle

    Minxin Pei

    Chinese leaders’ refusal to adopt a clear stance on zero-COVID is pure politics: nobody wants to be blamed for whatever surge in infections, hospitalizations, and deaths follows a reopening. But the longer the authorities attempt to avoid responsibility and muddle through, the greater the risk to public health.

     warns that the government’s refusal to devise a comprehensive and systematic exit strategy could create the worst of two worlds.
  5. buruma194_Eric VerhoevenSoccratesGetty Images_world cup Eric Verhoeven/Soccrates/Getty Images
    1

    FIFA’s World Cup Follies

    Ian Buruma dives into the thicket of fatuousness, hypocrisy, and greed that the tournament has become.
  6. libe2_ Chris JacksonGetty Images for Sentebale_lesothoschool Chris Jackson/Getty Images for Sentebale
    1

    The Plight of Public Schools in Africa

    Palesa Libe highlights the toll that the pandemic has taken on lower-income students across the continent.
  7. leautier2_Getty Images Hildegarde_mdb finance Getty Images Hildegarde
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    The Scope for More Multilateral Climate Finance

    Frannie Leautier, et al. highlight the crucial role multilateral development banks must play in funding large-scale green projects.
  8. malpass6_SIMON MAINAAFP via Getty Images_mangrove sustain BARBARA DEBOUTAFP via Getty Images
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    Eco-Economic Development

    David Malpass sees declining fish stocks as a case study of why nature must be central to countries’ growth models.
  9. hausmann107+John MooreGetty Images_lac immigrants John Moore/Getty Images
    1

    Higher Immigration or Higher Interest Rates for America?

    Ricardo Hausmann & Dany Bahar explain why the persistence of Trump-era xenophobia among US policymakers could lead to economic stagnation.

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