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Is the decline of American manufacturing a consequence of political party policies? Have these policies played a pivotal role in reshaping the industrial landscape that once defined the nation? These questions reverberate across economic debates and dinner table conversations alike. Join us as we delve into the intricate web of factors surrounding the erosion of
Germany's low natality rate has been a major source of concern for politicians for decades. Using longitudinal data from the German Socio-Economic Panel, this column analyses the effects of trade integration on family choices in Germany. The authors find that exposure to greater import competition from Eastern Europe led to worse labour market outcomes and lower fertility
The consensus view until the 2010s was that trade had little impact on inequality in high-income countries. This column reviews the recent evidence that challenges this view. Manufacturing employment contracted sharply in countries like the US and the UK which faced rapid net import growth from China. The resulting, persistent adverse effects on employment and incomes of