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But sometimes imports and exports do have 'winners' and 'losers'. For example, there are well documented cases of 'China shock'[0]. Even if you might posit an
by yyyk 7y ago
But sometimes imports and exports do have 'winners' and 'losers'. For example, there are well documented cases of 'China shock'[0].
Even if you might posit an ecomony-level gain, distributional effects means many may lose. By itself, saying 'not zero-sum' is not an answer for those policy issues but a slogan.
[0]
http://chinashock.info/ http://chinashock.info/