Real China Shock: A Lesson in Comparative Advantage for NC

The August 11th cover of the Wall Street Journal told a grim tale of how the furniture industry that once dominated Hickory, NC had been overwhelmed by competitive imports following China's accession to the World Trade Organization. But, narratives like these dismiss stories of economic dynamism and, well, the free market working as it should.

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Americans Should Not Fear China's Regional Trade Pact

President Obama has pitted China's Regional Comprehensive Economic Partnership (RCEP) against the U.S.-led Trans-Pacific Partnership (TPP), offering Americans a binary choice to either support his trade agenda or risk losing the Asia-Pacific market to the Chinese.  The choice the President offers, however, is a false one, as he once again ignores the virtues of free trade and puts politics ahead of consumer interests.

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Laissez Fair Trade?

Politicians like to talk about "fair trade." Trade is a hot-button issue on the presidential campaign trail, but what do the candidates mean when they talk about "fair" trade? Are they taking advantage of nationalist sentiment to propel their campaigns, or do they hold a deep-rooted protectionist ideology?

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