• Summary
• Press Coverage

The Peterson Institute released its latest book Rising Tide: Is Growth in Emerging Economies Good for the United States? on March 19, 2013. Authors Robert Z. Lawrence and Lawrence Edwards discussed their study and addressed the fears that economic growth in emerging markets has or could reduce US living standards, lower US wages, and increase wage inequality. Lawrence and Edwards' research finds that these concerns are vastly overblown, and are arguably more than offset by the benefits to the United States of such trade, even with respect to inequality.

Robert Z. Lawrence, who has been a senior fellow at the Peterson Institute since 2001, is the Albert L. Williams Professor of Trade and Investment at the John F. Kennedy School of Government at Harvard University. He was appointed by President Clinton to serve as a member of his Council of Economic Advisers in 1999 and has done extensive research on trade, jobs, and globalization. Lawrence Edwards is a professor at the School of Economics, University of Cape Town, and research associate of the South African Labor and Development Research Unit (SALDRU) and Policy Research on International Services and Manufacturing (PRISM.)

Audio

Event Materials

Book: Rising Tide: Is Growth in Emerging Economies Good for the United States?
Robert Z. Lawrence and Lawrence Edwards
March 2013

Presentation [pdf]
Robert Z. Lawrence

News Release: New Study Examines Benefits to the US from Growth in Emerging Economies
March 19, 2013

Unedited rush transcript [pdf]

• Summary
• Press Coverage

• Summary
• Press Coverage

The Washington Post
Robert Z. Lawrence: 'A Really Healthy U.S. Economy...Will Have a Bigger Trade Deficit.' Article | March 25, 2013
In this Q&A article, Robert Z. Lawrence discusses the findings of the Peterson Institute's newest book, Rising Tide: Is Growth in Emerging Economies Good for the United States?

CCTV America
Biz Asia America: Thinkers Segment
Video | March 23, 2013
Robert Z. Lawrence and Lawrence Edwards discuss their new PIIE book, Rising Tide: Is Growth in Emerging Economies Good for the United States?, during CCTV's "Thinkers Segment" [5:38 mark].

China Daily
China Not to Blame for US Job Loss
Article | March 23, 2013
Chen Weihua, deputy editor of China Daily USA, writes about the Peterson Institute's newest book, Rising Tide: Is Growth in Emerging Economies Good for the United States?, and his own experience with automated business practices in the United States.

Council on Foreign Relations
The Rising Tide: A New Look at Trade, Jobs, and Wages
Blog post | March 21, 2013
In this article Edward Alden from the Council on Foreign Relations reviews the Peterson Institute's newest book, Rising Tide: Is Growth in Emerging Economies Good for the United States?, by Lawrence Edwards and Robert Z. Lawrence.

Xinhua
Emerging Markets Not Source of U.S. Economic Challenges: Economists
March 20, 2013
The newswire Xinhua covered the release meeting for the Peterson Institute's newest study, Rising Tide: Is Growth in Emerging Economies Good for the United States?, by Lawrence Edwards and Robert Z. Lawrence.

Trade with Emerging Markets Benefits U.S., Study Says
Embassy of the United States - Brussels, Belgium
March 20, 2013
The Embassy of the United States in Brussels posted a summary of Rising Tide on its website, highlighting how the US economy benefits from trade with and direct investment in emerging markets.