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Abstract:

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Trade with China benefited US consumers

August 2019
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Tags: cep; economics; lse authors

International trade is widely viewed as creating winners and losers in an economy. Influential work has documented that US labour markets were heavily disrupted by the surge of imports following China’s joining the World Trade Organisation in 2001, a historic change in trade widely referred to as the “China shock”. Much less is known, though, about the extent to which […]