As U.S. borrowing from abroad grew (the trade balance becomes more negative) employment in the tradable goods sector shrunk. Did foreign lending (and the imports that accompanied it) kill employment in manufacturing? Will manufacturing employment return when the U.S. stops borrowing from the rest of the world? We study these questions here.
We're blogging now! Check in on us over at the NYU Stern Economics Blog.
We're publishing now! Our Global Economy textbook is available at Amazon.
The NYU Stern International Workshop Schedule
Department of Economics
Stern School of Business, New York University
44 West 4th Street, Suite 7-86
New York, NY 10012
fx: 212 995 4218