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- Title
International Trade and UK de-industrialisation.
- Authors
Foliano, Francesca; Riley, Rebecca
- Abstract
The past 25 years have been characterised by a surge in international trade as economies have become increasingly inter-linked. In many advanced economies this surge has been associated with increased import competition from low-wage economies. This paper explores the effects of such competition on manufacturing jobs in the UK. We consider two developments that influenced the nature of international trade: the ascendency of China as an important player in global markets and the accession to the European Union of a number of Eastern European economies in 2004. Both of these changes were associated with a shift in trade regimes and led to a sharp rise in import competition in particular UK manufacturing sectors. We find that these changes are likely to have hastened the decline of UK manufacturing.
- Subjects
INTERNATIONAL trade; ECONOMIC globalization; ECONOMIC development; EUROPEAN Union; COMMERCIAL policy
- Publication
National Institute Economic Review, 2017, Vol 242, pR3
- ISSN
0027-9501
- Publication type
Article
- DOI
10.1177/002795011724200110