• Business
  • Published 2005

A Package Deal: U.S. Manufacturing Imports and Output Rise and Fall Together

@inproceedings{Griswold2005APD,
  title={A Package Deal: U.S. Manufacturing Imports and Output Rise and Fall Together},
  author={Daniel M. Griswold},
  year={2005}
}
record trade deficit in 2004 adds fuel to the debate over the impact of rising imports on the U.S. economy and, in particular, U.S. manufacturing. When America’s manufacturing sector slipped into recession in the summer of 2000, critics of U.S. trade policy were quick to blame manufacturing imports for declining production and loss of jobs. During the next three years, as the manufacturing sector shed a net 3 million jobs and output continued to sputter, a rising tide of imports was almost… CONTINUE READING

Figures from this paper.