Ricardo Hausmann

speaker

306 appearances 1 recordings 1 series first heard Jun 2025 last heard Jun 2025

Ricardo Hausmann’s voice in public audio — every appearance, attributed to the second.

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Odd Lots · Ricardo Hausmann on What it Takes to Win a Trade War · 12 Jun 2025 podcast

So all of these things have to be brought in.

And to pay for these things that they want to consume in the city, they need to earn money from outside the city.

They need to export in order to be able to import.

So the set of export activities in a city.

Determines very much the life of the city.

If those export activities in the city get into trouble,

Then it's not just that those jobs in those export industries uh get in you know are lost, but those workers used to, you know, go to the barber, go to a grocer, go to the dentist.

So all those jobs in in all of these local services also get lost and get this multiplier local effect.

And people start leaving the city.

The moment people start leaving the city, their housing prices go down, there's less money to pay for education, so the quality of the education deteriorates, and you get all of these negative local effects in the city.

Okay?

That's associated with the export industry of your city getting into trouble.

So what I'm saying.

is that the shift in demand has it hurt

cities uh the kinds of industries that tend to locate in smaller cities.

The the kind of industries that need less of a deep pool of talent and more land.

And the car industry is a good uh example.

The whole steel, you know, the steel is a dirty, complicated, large thing.

So it it it may hire a lot of workers, but it doesn't want to have too many people around them.

They need a lot of land.

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