The International Monetary Fund (IMF) headquarters building is seen ahead of the IMF/World Bank spring meetings in Washington, U.S., April 8, 2019. Discrediting popular belief that China is taking away developed countries’ manufacturing jobs, a new study from the International Monetary Fund (IMF) found out that technology and the automation it brings is the driver of unemployment, not competition from China.
Other countries’ trade relations with China have been mutually beneficial over many years.
However, US workers, particularly factory workers, are losing their jobs and the current US administration is looking at China’s rising productivity because of the mainland’s low, though […]
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