How the US-China Trade War Affected the Rest of the World
U pendin g a decades-long effort to reduce global trade barriers, China and the United States began mutually escalating tariffs on $450 billion in trade flows in 2018 and 2019. These tariff increases reduced trade between the US and China, but little is known about how trade was affected in the rest of the world. In The US-China Trade War and Global Reallocations (NBER …
Daron Acemoglu, Simon Johnson, and James Robinson Awarded …
Oct 14, 2024 · (L to R) Daron Acemoglu, Simon Johnson, and James Robinson. Research associates Daron Acemoglu, Simon Johnson, and James Robinson have been awarded the 2024 Nobel Memorial Prize in Economic Sciences "for studies of how institutions are formed and affect prosperity." The Royal Swedish Academy of Sciences explained that the three scholars …
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also increase exports to the rest of the world. Our subsequent results –substantial cross-country heterogeneity in export growth consistent with country-specific demand and supply elasticities– is surprising given that trade or scale