Connect with us

Hi, what are you looking for?

Editor's Pick

New Defending Globalization Content: China Shock, Global Capital Flows, and Upcoming Event with Director-General of World Trade Organization

Scott Lincicome

U.S. and China Trade Ships

Today we’ve published two new essays for Cato’s Defending Globalization project:

The “China Shock” Demystified: Its Origins, Effects, and Lessons for Today, by Scott Lincicome and Arjun Anand, explains that trade with China likely eliminated some US manufacturing jobs, but economists intensely debate the size of these losses—and few believe the China Shock justifies protectionism today.

Global Capital Flows and the Balanced Trade Myth, by Norbert Michel, discusses the US trade deficit and recent proposals to shrink it by taxing capital flows, and argues that such a policy is highly flawed on theoretical, empirical, and practical grounds.

This is the project’s last release for this year. We’ll be kicking off 2024 by hosting Dr. Ngozi Okonjo‐​Iweala, director‐​general of the World Trade Organization, at the Cato Institute on Friday, January 12, at 11 AM (EST). You can view more details and register to attend at this link. Seats are limited, so make sure you RSVP soon.

Make sure to check out the 22 other essays that have been published, as well as other multimedia features, on the main Defending Globalization project page.

Join The Exclusive Subscription Today And Get Premium Articles For Free
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

You May Also Like


Headline math is a simple percentage expressed as a fact without context. Its design is to create an emotional response, support an opinion, or...


Former US secretary of state and national security advisory Henry Kissinger died on Wednesday. He was 100 years old. Kissinger is perhaps most notable...


Mainstream economists turned climate warriors use cost-of-production methods to determine the “true” social cost of carbon. They appeal to a discredited methodology falsely attributed to...

Editor's Pick

Nicholas Anthony On November 28, Cecilia Skingsley, head of the Bank for International Settlements’ Innovation Hub, delivered a speech about central bank digital currencies, or...