How the China Shock, Deep and Swift, Spurred the Rise of Trump
Many assumed the U.S. would withstand the import threat as it had with Japan, Mexico; devastation in Hickory, N.C.
These days, Hickory is still suffering from a series of economic shocks, none more powerful than China’s rise as an export power. The invasion of imported furniture drove factories out of business, erased thousands of jobs and helped drive unemployment above 15% in 2010.
No comments:
Post a Comment