The manufacture and trade of washing machines and parts offers a clear example of the impact of trade restrictions. The first graph shows the sudden shifts in production in countries following trade duties, and the second shows how the market for washing machine parts is similarly impacted.
US Washing Machine Imports and Korean Washing Machine Part Exports by Country
Research Brief • Dec 16, 2019
In the early days of Microsoft, Bill Gates and Paul Allen did not need investors’...
Topics: Employment & Wages, Industrial Organization, Technology & Innovation
Research Brief • Jun 17, 2019
The Industrial Revolution in Services
This seems so obvious today that trying to imagine the counterfactual—tiny neighborhood auto manufacturers producing...
Topics: Industrial Organization