THE CHINA TRADE SHOCK

2021/04/16 wwchu 中國經改模式

STUDYING THE IMPACT OF CHINA’S RISE ON WORKERS, FIRMS, AND MARKETS


The research presented here, conducted by Professors David Autor (MIT), David Dorn (University of Zurich), Gordon Hanson (Harvard Kennedy School), and research partners, studies the economic benefits and costs of trade integration. The costs include distributional impacts, which economic theory has long recognized, as well as adjustment costs, which formerly have been underestimated. The case study of China’s rise thus informs broader theory about global trade that can be incorporated into economic policy.

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