It was “the paper that shook the world of economics,” according to BloombergThe paper, written by David Autor, David Dorn and my guest today, Gordon Hanson, introduced the “China trade shock” into the lexicon and gave the narratives of disintegrating American manufacturing and loss of American jobs – whether seen in campaign trail rhetoric, or in books like Hillbilly Elegy – a hard economic edge. So, now that we know that the China Shock happened, that it dramatically cut American employment, that even those who lost jobs went on welfare and those who kept them took permanent pay cuts, the question is: what now?

Gordon Hanson specializes in the economics of international trade, international migration and foreign direct investment. He holds the Pacific Economic Cooperation Chair in International Economic Relations at UC San Diego, and has faculty positions in the Department of Economics and GPS, where he also is director of the Center on Global Transformation. He is the acting dean of the School and is presently a research associate at the National Bureau of Economic Research, a member of the Council on Foreign Relations and co-editor of the Journal of Economic Perspectives.

Hanson received his Ph.D. from MIT.

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Members have made 2 comments.

  1. Profile photo of Jerome Danner Coolidge

    Good discussion!

    • #1
    • January 12, 2017 at 8:15 am
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  2. Profile photo of Boney Cole Member

    There is a book called “Factory Man” that investigates the complete destruction of the furniture industry in southern Virginia largely due to Chinese competition. Of course, it is just an anecdote in the gargantuan American economy. It good to know some larger studies have been done addressing the problem. It definitely happened, and a lot of people suffered, even though the economy as a whole prospered.

    • #2
    • January 12, 2017 at 12:01 pm
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