Quotation of the Day…

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… is from page 538 of Scott Lincicome’s paper “Trade Adjustment Textbook Chapter,” which is a chapter in the collection Free Trade in the Twenty-First Century (edited by Max Rangeley & Daniel Hannan, 2025):

The contrast between American bustling towns like Greenville [South Carolina] and struggling ones like Youngstown [Ohio] – both hit by trade shocks that ended decades ago – indicates that the problem those shocks revealed was not import competition but the latter communities’ inability to adapt to seismic economic changes, just as the China Shock authors themselves concede.