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"https://www.npr.org/2025/02/11/g-s1-47352/why-economists-got-free-trade-with-china-so-wrong"
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"The concept of the 'China Shock' refers to the sudden and significant increase in imports from China, which had a profound impact on the US economy. Economists had predicted that free trade would lead to economic growth, but the reality was that it led to job losses and income inequality. The article questions why economists failed to see the costs of free trade and whether they were too focused on the benefits."
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"content": "nostr:nprofile1qyd8wumn8ghj7ctjw35kxmr9wvhxcctev4erxtnwv4mhxqpq49kphfesjv5mfs39k8x6xkeudw9cfxhyatx9sgf8khew979aa6gq055sav\nWHY ECONOMISTS GOT FREE TRADE WITH CHINA SO WRONG\n\nhttps://npr.brightspotcdn.com/dims3/default/strip/false/crop/3709x2086+0+348/resize/1400/quality/100/format/jpeg/?url=http%3A%2F%2Fnpr-brightspot.s3.amazonaws.com%2F9b%2F26%2Fee2391d34f15b74349cf4db9785f%2Fgettyimages-1823648966.jpg\n--\n✍️ The 'China Shock' is revisited, and it raises questions about why economists failed to see the costs of free trade.\n--\n👉 The 'China Shock' refers to the sudden and significant increase in imports from China\n👉 Economists had predicted that free trade would lead to economic growth\n👉 The reality was that free trade led to job losses and income inequality\n\n--\n#China #US #politics\n--\nnostr:nevent1qvzqqqqqqypzp2tvrwnnpyefknpztvwd5ddnc6utsjdwf6kvtqsj0d0jututmm5sqyd8wumn8ghj7ctjw35kxmr9wvhxcctev4erxtnwv4mhxqpq72hu5rskttgn0slerj995n0navx4zqq9z35jfn85vswmv0uuspmstjwcv2 \n ",
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