There are two distinct critiques of globalization in the US policy debate—the 'China shock' argument (that outsourcing to China caused manufacturing job losses) and the 'China entanglement' argument (that dependence on China as an increasingly hostile adversary creates vulnerability)—which are often conflated but lead to very different policy prescriptions.

definitionpending

Speaker

Roger

Evidence Quote

there are really two major critiques of globalization here that I think are often conflated but lead to very different policy prescriptions so one is what you can think of as sort of the China shock argument... and then the sort of the second argument is what you can think of as the China entanglement argument [35:25]

Source

How Martin Wolf Understands This Global Economic MomentThe Ezra Klein Show
Created: 8/12/2026, 6:24:34 PM

My Notes

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