Gordon Hanson's Research On Chinese Imports Cited In CNN
Higher labor pains in U.S.-China trade?
09/27/2011
Kevin Voigt,
CNN
For decades, the economic wisdom has been that lower trade barriers create better wealth for both parties.
Outsourcing low-skilled, low-wage jobs to an India or Mexico helps those developing economies, while that loss of industry in a developed economy like the United States is more than offset by lower product costs and an employee talent pool that finds work higher up the economic food chain. Everybody wins.
A new study, however, suggests that when it comes to China, the economic benefit to the U.S. may be less than previously thought.
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Gordon Hanson is director of the Center on Emerging and Pacific Economies and 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. Prior to joining UCSD in 2001, he was on the economics faculty at the University of Michigan (1998-2001) and at the University of Texas (1992-1998).
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