Scott Lincicome on the China Shock, Trade Policy, and US Labor Markets

Scott Lincicome is a senior fellow in Economic Studies at Cato Institute where he writes on international and domestic economic issues, including international trade, industrial policy and manufacturing and global supply chains. Scott joins David on Macro Musings to discuss what we've learned so far about the so-called China shock and where we are today in the trade war. Specifically, David and Scott discuss the historical rise of Chinese exports, its impact on US labor markets, how certain policies make it harder for US workers to adjust, and whether the Trump administration marks a genuine regime shift in international trade.

 

Transcript for the episode can be found here: https://www.mercatus.org/bridge/tags/macro-musings

 

Scott’s Twitter: @scottlincicome

Scott’s Cato Institute profile: https://www.cato.org/people/scott-lincicome

 

Related Links:

 

*Testing the ‘China Shock’: Was Normalizing Trade with China a Mistake?”*by Scott Lincicome

https://www.cato.org/publications/policy-analysis/testing-china-shock-was-normalizing-trade-china-mistake#:~:text=However%2C%20champions%20of%20the%20emerging,with%20China%20for%20particular%20scorn.&text=It%20finds%20that%20PNTR%20and,that%20PNTR%20critics%20now%20repeat.

 

*Clashing over Commerce* by Douglas Irwin

https://press.uchicago.edu/ucp/books/book/chicago/C/bo24475328.html

 

*Audaciously Hopeful: How President Obama Can Help Restore the Pro‐​Trade Consensus* by Dan Ikenson and Scott Lincicome

https://www.cato.org/publications/trade-policy-analysis/audaciously-hopeful-how-president-obama-can-help-restore-protrade-consensus

 

*The 'China Shock', Exports and U.S. Employment: A Global Input-Output Analysis* by Robert Feenstra and Akira Sasahara

https://www.nber.org/papers/w24022

 

David’s Twitter: @DavidBeckworth

David’s blog: http://macromarketmusings.blogspot.com/