Protectionism under Trump: The China Shock, Deplorables, and the First White President
Marcus Noland
Asian Economic Policy Review, 2020, vol. 15, issue 1, 31-50
Abstract:
This paper uses USA county‐level electoral data to examine the 2016 turn to protectionism. The hypothesis that support for protectionism was purely a response to globalization is rejected. Exposure to trade competition encouraged a shift to the Republican candidate, but this effect is mediated by race, diversity, education, and age. If the turn toward protectionism is due to economic dislocation, then public policy interventions could mitigate the impact and support the re‐establishment of a political consensus for open trade. If, however, the drivers are identity or cultural values, then the scope for constructive policy intervention is unclear.
Date: 2020
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https://doi.org/10.1111/aepr.12274
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Asian Economic Policy Review is currently edited by Takatoshi Ito, Akira Kojima, Colin McKenzie and Shujiro Urata
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