Lecture 15: Data and Policy in the United States

In the US, the China shock refers to increased imports from China of relatively low-priced manufactured goods. This has an impact that varies locally, namely on US manufacturers who produce the same goods and cannot complete. Documented also is the adverse impact on wage labor, due to layoffs. But there are surprises for outcomes and mitigating mechanisms, previously undocumented movements in state-level trade balances, current accounts, and remittance flows.