CSPAN Key Capitol Hill Hearings January 7, 2014
Poverty in china, in indonesia, in india, yes is the answer to that. I remember doing a piece with my colleague linda lim from the university of michigan on wages in Southeast Asia and socalled race to the bottom hypophysis. Empirically we are in exactly 180 degrees different world. It is not race to the bottom in wages at all in china, very similar, phenomenon. I think it is a fair question, i dont want to overstate the point. I dont believe that economic integration is a panacea and it doesnt always work. The term i use was a mitigated ranted clearly is. In particular as i look at the middle...