An article in the New York Times states that Chinas explosive rise was a shock to the
Question:
An article in the New York Times states that “China’s explosive rise was a shock to the global trading system.”
a. What does the article mean by “China’s explosive rise”?
b. Why didn’t economists and policymakers expect the economic effect of imports from China to be as great as it turned out to be?
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Step by Step Answer:
a Chinas explosive rise in this context refers to the rapid and significant economic growth industrialization and expansion of Chinas manufacturing an...View the full answer
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