Gordon Hanson Cited on Effect of Chinese Imports
Remember That Jobless Recovery? Chinaâ€™s Fault
Bob Davis, Wall Street Journal
As trade with China continues to be a potent political issue on Capitol Hill, academics have increasingly looked in detail at the downside of U.S. moves to liberalize trade.
Take the case of the U.S. recession of 2001, which followed the bursting of the tech bubble and was mild by most measures. It lasted eight months. GDP declined just a bit. Unemployment topped out at 5.5% during the downturn.
But it also ushered in a huge decline in manufacturing employment. About 1.5 million manufacturing jobs were lost in the first year of that downturn –and continued to fall for years afterward– far more than the 900,000 manufacturing jobs lost in the first year of the so-called Great Recession of December 2007 through mid-2009.
Gordon Hanson is director of the Center on Emerging and Pacific Economies and professor of economics at UC San Diego. He specializes in the economics of international trade, international migration, and foreign direct investment. He has published extensively in the top academic journals of the economics discipline, is widely cited for his research by scholars across the social sciences, and is frequently quoted in major media outlets. His current research examines the international migration of skilled labor, border enforcement and illegal immigration, the impact of imports from China on the US labor market, and the determinants of comparative advantage.