According to preliminary research by Yale SOM’s Peter Schott and his co-authors, investors may be adjusting prices based on whether previous predictions of total infections seemed overly optimistic or pessimistic.
President Trump has imposed a series of tariffs, raising tensions with allies and prompting other countries to respond in kind. We asked Yale SOM’s Peter K. Schott, who studies how firms and workers respond to globalization, to assess the current climate.
Yale SOM economist Peter Schott on what the research shows about the effects of trade and how smart policy decisions can ease the impact on workers.
A new working paper co-authored by Professor Peter Schott links the sharp decrease in U.S. manufacturing employment after 2001 to a substantial shift in U.S. trade policy towards China in late 2000.
Depending on where you stand, globalization can mean factory jobs in Thailand or cheap goods at the mall; a world of choices or the homogenization of pop culture. Scholars from the fields of economics, sociology, and political science discuss the growing web of connections transforming commerce and culture around the world.