Saturday, June 11, 2005


There seems to be a bit of sinophobia as of late, see here. Personally, I'm worried about the reaction to this fear:

Two-thirds of Americans and half of Canadians say they fear that "China is a serious threat" to jobs in their own countries...

I think their fears are wrongheaded. Trade is non-zero-sum after all and, to the best of my knowledge, there's no empirical evidence that increased trade leads to net job losses.