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11min chapter
A Second China Shock, With Brad Setser
The President’s Inbox
The Second China Shock: Causes and Consequences
This chapter explores the causes and consequences of the Second China Shock, following the original impact when China joined the WTO. It discusses the significant reduction in US manufacturing jobs due to China's rapid export growth and the long-lasting effects on the economy. The conversation also delves into China's industrial policies and targeted investments in key sectors, shaping global competition.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode