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Is China Actually Stealing American Jobs and Wealth? John L. Graham and Benjamin Leffel

Summary:
To be sure, China and the United States are not without their troubles. Both countries are showing stubborn growth in their carbon footprints and military spending, to name just two disturbing trends. But the data of the last 25 years portray U.S.-China commerce as the most synergistic bi-lateral relationship in world history, bringing peace along with mutual prosperity. Putting another myth to rest – other than for the zombies – and there are lots of them.Harvard Business ReviewIs China Actually Stealing American Jobs and Wealth? John L. Graham, Professor Emeritus at the Paul Merage School of Business, University of California, Irvine, and a former Director of the Long US-China Institute; and Benjamin Leffel, Ph.D. candidate in the Department of Sociology and Kugelman Citizen

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To be sure, China and the United States are not without their troubles. Both countries are showing stubborn growth in their carbon footprints and military spending, to name just two disturbing trends. But the data of the last 25 years portray U.S.-China commerce as the most synergistic bi-lateral relationship in world history, bringing peace along with mutual prosperity.
Putting another myth to rest – other than for the zombies – and there are lots of them.

Harvard Business Review
Is China Actually Stealing American Jobs and Wealth?
John L. Graham, Professor Emeritus at the Paul Merage School of Business, University of California, Irvine, and a former Director of the Long US-China Institute; and Benjamin Leffel, Ph.D. candidate in the Department of Sociology and Kugelman Citizen Peacebuilding Research Fellow at the University of California, Irvine.

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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