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The U.S. and China: Trade and Trade Wars
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Manage episode 423912748 series 2792031
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China's share of manufacturing exports rose from just over 1% of the world's total in 1990, to almost one-fifth today. Research by Gordon Hanson and his co-authors documented how the 'China Shock' led to factory closures and job losses in places that had been producing apparel, shoes, furniture, simple electronics, and other goods that China now exported. Tariffs on Chinese goods in 2018 and 2019 did not reverse these effects and lead to job recovery. But, despite this, Hanson shows there was a political benefit to these trade restrictions. Gordon is the Peter Wertheim Professor of Urban Policy at the Harvard Kennedy School, where he co-directs the Reimagining the Economy Project.
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256 episodes
MP3•Episode home
Manage episode 423912748 series 2792031
Content provided by EconoFact. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by EconoFact or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
China's share of manufacturing exports rose from just over 1% of the world's total in 1990, to almost one-fifth today. Research by Gordon Hanson and his co-authors documented how the 'China Shock' led to factory closures and job losses in places that had been producing apparel, shoes, furniture, simple electronics, and other goods that China now exported. Tariffs on Chinese goods in 2018 and 2019 did not reverse these effects and lead to job recovery. But, despite this, Hanson shows there was a political benefit to these trade restrictions. Gordon is the Peter Wertheim Professor of Urban Policy at the Harvard Kennedy School, where he co-directs the Reimagining the Economy Project.
…
continue reading
256 episodes
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