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Fareed Zakaria GPS
Three former Treasury Secretaries on the global economic outlook; An interview with David Byrne
Aug 6, 2023
42:37
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- The concept of the 'China shock' and its lasting political effects on the US
- The importance of finding political will to address long-term fiscal challenges facing the US economy
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The China shock and its political effects
The podcast explores the concept of the 'China shock', which refers to the belief that trade with China led to the deindustrialization of parts of the US and the loss of manufacturing jobs. While there are debates about the strength of the China shock, it has had lasting political effects. Despite China's current economic struggles, the political narrative remains focused on the idea of China as an existential challenge to America's economic position in the world.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode