Attention Economy


Wednesday, February 17, 2016

Trade and Globalization

Two interesting articles from WSJ:
South Carolina GOP Voters Feel the Benefits of Free Trade—but Also the Scars
“Few states have been more nimble than South Carolina in adjusting to global competition. The state turned the loss of 80,000 textile and apparel jobs since 1980 into part of its pitch to foreign manufacturers and U.S. exporters that need a big pool of workers to staff new car, tire and aerospace plants. Even some Chinese textile makers, once the scourge of the state’s business establishment, are setting up beachheads in South Carolina, which leads the nation in percentage of workers employed by foreign companies—8.4% in 2013.
Yet the benefits are unevenly spread and have gone disproportionately to the college-educated in larger population centers”

A Tale of Two Countries: How Dollar’s Strength Distorts Coffee Market
http://www.wsj.com/articles/a-tale-of-2-countries-how-dollars-strength-distorts-coffee-market-1455705003