Economists solve a mystery involving international trade and competition from China
Economists have identified—and resolved—a seeming paradox regarding how competition from China affects the price and volume of products that are exported from other countries into the United States. The findings shed new light on the complex dynamics of international trade and how the effects of tra...
Image: Phys.org
Economists have identified—and resolved—a seeming paradox regarding how competition from China affects the price and volume of products that are exported from other countries into the United States. The findings shed new light on the complex dynamics of international trade and how the effects of trade competition vary drastically for poor nations compared to their wealthy counterparts.
Originally published at Phys.org
