Globalization Shock News Today : Breaking News, Live Updates & Top Stories | Vimarsana

This is gps the Global Public square. Welcome to all of you in the United States and Around The World. Im Fareed Zakaria coming to you from aspen, colorado. Today, an extra special program with three, yes, three former secretaries of the treasury. First, ill talk to Henry Paulson and Timothy Geithner about the state of American Politics and the downgrade of the uss Credit Ratings and the struggles of the chinese economy and then robert ruben talks to me about how to make hard decisions and what a yellow legal pad has to do with that skill. Finally, david burn came to fame with his new wave ban...

World. Im Fareed Zakaria coming to you from aspen, colorado. Today, an extra special program with three, yes, three former secretaries of the treasury. First ill auck to Henne Paulson and Timothy Geithner about the downgradingst u. S. Credit ratings and the struggles the chinese economy. And then robert rubin talks about how to make hard decisions. And what a yellow legal pad has to do with that skill. Finally, david byrne came to fame with his new wave band Talking Heads. Some 40 years ago. I talk to him about his latest wave of creativity which includes a musical about former philippina firs...

Marcos. performed in a broadway theater. that has been transformed into a disco. ♪ but first, here is my take. for years now, american politics has been shaped by the idea of the chinese shock. the term coined by three economists in a 2016 paper captures the widespread believe that trade with china has resulted in the de-industrialization of significant parts of the u.s. and loss of huge numbers of manufacturing jobs. it is fueled much of trump's trade policy and biden's new industrial policy. all of which is premised on the notion that china presents an existential challenge to america's ...

Position in the world. now there are debate as to whether the china shock was actually as strong as initially suggested. i wonder whether it should really have been called the globalization shock. many of the western manufacturing jobs lost, had they not gone to china, would have gone to other emerging markets. in any event, most agree that the china shock ended about a decadeful nah ago, but its political effects remained strong even though the story in china today is completely different. china's economy is in bad shape. the numbers that are being released all point to a sharp, economic slow...