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our theoretical results to China's 2001 WTO accession, we find that China's tariff reductions exceeded reciprocity norms …, increasing real incomes but amplifying the manufacturing employment dislocation - the China Shock - in the United States and …
Persistent link: https://www.econbiz.de/10015056161
We review theoretical and empirical work on the economic effects of the United States and China trade relations during … the last decades. We first discuss the origins of the China shock, its measurement, and present methods used to study its … economic effects on different outcomes. We then focus on the recent U.S.-China trade war. We discuss methods used to evaluate …
Persistent link: https://www.econbiz.de/10013361989
Because of large and rapid growing export volumes and its formal status as a non-market economy; China has been the … are against China; India, in turn, is the largest source of initiation against China by number of actions. Here we explore … empirically. We use industrial panel data on all Chinese firms in the industry, foreign firms operating within China and state …
Persistent link: https://www.econbiz.de/10012462211
During the decade since 1973, the U.S. economy has become increasingly interdependent with the newly industrializing countries (NICs) among the developing countries. These countries have had high investment ratios to GNP, financed mainly by domestic saving, but also partly by foreign borrowing....
Persistent link: https://www.econbiz.de/10012477813
This study grounds the establishment of EMU and the euro in the context of the history of international monetary cooperation and of monetary unions, above all in the U.S., Germany and Italy. The purpose of national monetary unions was to reduce transactions costs of multiple currencies and...
Persistent link: https://www.econbiz.de/10012464832
significant exchange rate movements. This analysis also suggests that a reduction in China's (very) large surplus will be needed …
Persistent link: https://www.econbiz.de/10012465752
We investigate the role of trade imbalances for the distributional consequences of globalization. We do so through the lens of a quantitative, general equilibrium, multi-country, multi-sector model of trade with four key ingredients: (a) workers with different levels of skills are organized into...
Persistent link: https://www.econbiz.de/10013334406
-specific quotas following China's entry into the World Trade Organization. Chinese import competition had two effects: first, it led …
Persistent link: https://www.econbiz.de/10012461940
We ask how globalization affects a government's incentives to set labor standards for its workers. In a stylized equilibrium model of global value chains, we find two contrasting results. First, each country chooses stricter labor standards with globalization than it would under autarky, because...
Persistent link: https://www.econbiz.de/10014322750
In a stylized model of multinational firms choosing host locations for their global value chains, host-country governments choose the strength of collective-bargaining rights that allow their workers to receive a share of the resulting quasi-rents. Each government must trade off the direct...
Persistent link: https://www.econbiz.de/10014322751