Gordon Hanson's U.S.-China Trade Research Referenced in The Economist
Who’s afraid of the dragon?
10/15/2011
The Economist
Should a free trader laugh or cry? On October 12th, Congress finally ratified long-stalled trade pacts with Colombia, Panama and South Korea. But the previous day the Senate threw down the gauntlet to China. It passed, by a stonkingly bipartisan margin of 63-35, a bill that would authorise the Commerce Department to impose countervailing tariffs on Chinese imports it deems to have benefited from an undervalued currency. The bill is unlikely to pass in the House, but the vote is a sign that China-bashing, always popular in Congress, has become more so as America's job market has struggled.
The latest figures show that the economy added 103,000 jobs in September and previous months' totals were significantly revised up. Nonetheless, the unemployment rate remained at 9.1%, as jobs barely kept pace with labour force growth; and manufacturing employment fell.
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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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