Gordon Hanson Quoted on U.S.-China Trade
How much does US-China trade hurt American workers? Slowly, a clearer picture.
05/10/2011
Mark Trumbull,
The Christian Science Monitor
As top economic officials from the US and China meet in Washington this week, old concerns still linger: Are China's trade policies stealing jobs from American workers? Should the US take a tougher, more retaliatory line in its own trade policies?
It's a debate that raged even in under President Clinton in the 1990s, when Chinese exports to the US were much smaller and the US economy was much healthier.
In two-day bilateral talks this week, Treasury Secretary Tim Geithner pressed China to do more to protect intellectual property rights for global companies like Microsoft, and to allow its currency to move in foreign-exchange markets with greater flexibility. Some lawmakers in the US Congress have proposed a stronger-armed approach, slapping on trade penalties if Beijing fails to act along those lines.
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Gordon Hanson is the director of the Center on Emerging and Pacific Economies and is a professor of economics at UC San Diego, where he holds faculty positions in the School of International Relations and Pacific Studies and the Department of Economics. He is a research associate at the National Bureau of Economic Research, a member of the Council on Foreign Relations, and a co-editor of the Review of Economics and Statistics.
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