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International trade
US – Import competition from China reduces manufacturing employment St-Louis Fed finds
In theory, trade is good. In practice, considerable debate exists on whether importing foreign goods has an adverse effect on the domestic economy (and on the labor market in particular). The impact of this effect depends on whether foreign goods compete with or complement local production. For example, if imported computers can easily substitute for … Continue reading
US-Japan / Trade Talks and Jobs
We should welcome and encourage Japan’s interest in freer trade. But let’s not roll out the red carpet for TPP’s arrival just yet. Abe is the seventh Prime Minister of Japan in six years, so it might come as no surprise that his government’s plan to boost Japan’s stagnant economy is designed to play well … Continue reading
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