Michael Spence: How Global Supply Chains Raise Productivity in the US (3/5)

The video discusses the challenges of employment and economic structure in the US, focusing on the tradeable and non-tradeable sectors. It highlights the role of global supply chains in shaping employment trends, particularly in manufacturing. The discussion also covers the impact of these supply chains on productivity, using examples like Apple and China's economic transition.

What are the main challenges the United States faces in adjusting to new large economies?

How did the American economy perform in terms of job generation leading up to the 2008 crisis?

What sectors were primarily responsible for job growth in the United States during the 18-year period mentioned?

What role do multinational enterprises play in the global economy according to the text?

Discuss the impact of global supply chains on employment in the manufacturing sector.

How might China's transition to a middle-income economy affect global supply chains?

What are the implications of separating high value-added activities from lower value-added activities in supply chains?