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Category: Globalization

Q&A: David Autor on the long afterlife of the “China shock” | MIT News
December 6, 2021

In 2001, the U.S. normalized long-term trade relations with China, and China joined the World Trade Organization — moves many expected to help both economies. Instead, over the next several years, inexpensive imports from China significantly undercut U.S. manufacturing, especially in industries such as textiles and furniture-making. By 2011, this “China shock” from trade was responsible for the loss of 1 million U.S....

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