Trade Policy Isn't Driving China’s Trade Surplus | Matthew Klein
Monetary Matters with Jack Farley
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Elites and Economic Disparities: A Trade Perspective
This chapter examines how outsourcing and trade policies disproportionately benefit elites in the U.S. and China, while workers, particularly in rural areas of China, face socio-economic challenges. It discusses the complexities of trade imbalances and how historical examples of countries like Norway and South Korea illustrate the potential for growth through foreign investments. The conversation emphasizes the need to consider broader macroeconomic factors that influence income distribution and the impacts of trade on different societal sectors.
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