Connect with us

Hi, what are you looking for?


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

Scott Lincicome

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.

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, 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

Editor’s Choice


Editor’s Choice


Disclaimer:, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2024 KingOfCashSecrets. All Rights Reserved.