Writing for the New York Times, Prof. Yasheng Huang argues that Chinese policies favoring the state sector over the private sector have played a bigger role in the country’s economic slowdown than the current trade war. “That the Chinese economy is slowing down isn’t necessarily a bad thing, at least not in itself,” says Huang. “But a slowdown is a problem if it’s the result of poor policy.”
Prof. Kristin Forbes discusses monetary policy, currency wars and what she considers the biggest risk to the global economy with Daybreak Asia on Bloomberg TV. “For me, the biggest concern is what happens next on trade wars and especially the uncertainty around trade wars,” says Forbes.
Writing for The New York Times, Prof. Yasheng Huang examines how the U.S.-China trade war is influencing public perceptions in China. “Maximum-pressure tactics have delivered no meaningful results — other than undermining the good will of the Chinese public and its liberals toward America,” writes Huang. “The United States should de-escalate tensions and help China come back to the negotiating table.”
The Economist spotlights the work of Prof. David Autor and the influence of his research examining how labor markets respond to disruption. The Economist notes that Autor’s research “is enormously influential, in large part because of his groundbreaking work on the effects on American workers of China’s extraordinary rise.”
Prof. David Autor speaks with Brendan Greeley, host of the Financial Times “Alphachat” podcast, about how trade and automation impact the economy and labor market. Autor emphasizes that the U.S. needs to “invest in people,” adding, “if you want to share the gains broadly...you need to find a way to bring people along.”
Prof. Simon Johnson speaks with Ailsa Chang of NPR’s All Things Considered about the Trump administration’s plan to remove tariffs and trade barriers with the European Union. Johnson says a zero-tariff agreement would allow the U.S. to become more integrated with Europe.
The Economist explores the basics of free trade, its benefits and downsides, with Prof. John Van Reenen. “With free trade, you come into more contact with foreign companies, new ideas, new people and so on,” explains Van Reenen. “That’s mutually beneficial. And it is a political force for cooperation.”
Writing for The New York Times, Thomas Edsall highlights research by Profs. Daron Acemoglu and David Autor examining how automation and trade impacted the 2016 presidential election. “The swing to Republicans between 2008 and 2016 is quite a bit stronger in commuting zones most affected by industrial robots,” explains Acemoglu. “You don’t see much of the impact of robots in prior presidential elections.”
In an article for The Washington Post, Research Scientist Ashley Nunes examines a recent trade dispute involving Boeing Co. and Bombardier, Inc. Nunes explains that the dispute, “has fueled tensions among the United States, Canada and the United Kingdom.”
Bloomberg View reporter Noah Smith spotlights the research of Prof. David Autor, who has been “pioneering ways to make the economics discipline both more credible and more relevant.” To mitigate the impacts of trade, Smith writes that Autor believes the “U.S. government should focus attention on manufacturing industries, and even use industrial policy to bolster the sector.”
New research by Prof. David Autor shows that the number of young married women has decreased during recent decades, reports Jenna Smialek for Bloomberg News. Autor found that “the loss of U.S. manufacturing jobs to global trade may be at least partially to blame” for the decline.
Prof. David Autor writes for The Huffington Post that imposing tariffs could slow the U.S.’s economic growth. A better solution, he writes, is smarter trade policy and to “aggressively enforce our current policies to protect intellectual property, enforce rule of law, and require equal treatment from our trading partners.”
Patrick Gillespie of CNN highlights the work of Professors Daron Acemoglu and David Autor in a piece about how automation is responsible for more job losses than trade. Acemoglu explains that by preventing trade now, “some of that production might come back, but the employment that comes back will not be for people, it will be for robots."
Wall Street Journal reporter Bob Davis writes about a study by Prof. David Autor that shows U.S. industries facing increased competition from China reduced R&D spending. Autor notes the findings show the importance of federal support for R&D.
A study co-authored by Prof. David Autor shows that voters living in regions of the country that saw an increase in Chinese imports were more receptive to President-elect Donald Trump’s anti-free trade message, writes Bob Davis for The Wall Street Journal. The researchers found “import competition from China damaged local economies and undermined employment and wages.”