Press article “China Syndrome redux: New results on global labour reallocation” by Prof. Hau, Difei Ouyang and Weidi Yuan

L’Université de Genève mise sur la philanthropie
28 February 2019
Prof. Michaely’s paper”Owners’ Portfolio Diversification and Firm Investment: Theory and Evidence from Private and Public Firms” accepted for publication
11 March 2019
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Press article “China Syndrome redux: New results on global labour reallocation” by Prof. Hau, Difei Ouyang and Weidi Yuan

Press article the Vox “China Syndrome redux: New results on global labour reallocation” by Prof. Hau, Difei Ouyang and Weidi Yuan

Trade between the US and China is widely thought to have contributed significantly to the decline in US manufacturing employment between 1999 and 2007. Flipping the point of view, this column examines the impact on China of the growth in trade and finds that for every US manufacturing job lost, almost six new Chinese manufacturing jobs were created. International trade did not contribute to faster wage rises for Chinese industrial workers but instead channelled agricultural and non-participating workers into the industrial labour market.

 

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