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Termed “the China Shock”, the flood of low-cost manufacturing exports from China following their 2001 admission to the WTO have been shown to have caused higher unemployment, lower labor force participation, and reduced wages in local U.S. One area less explored is the rise of globalization, especially with regard to China.
From 2000 to 2001, the number of mortgage foreclosures in Cuyahoga County went from 5,900 to almost 7,000. This number rose to 8,700 in 2003, 9,700 in 2004, 13,943 in 2006, and 14,946 in 2007. Everything seemed to work as planned—until 2008. The trend continued for the next several years.
Rybak was elected Mayor of Minneapolis in 2001 and was re-elected again in 2005 to serve another term. Louis on April 17, 2001. He works in the town of Cooper City, Florida and was elected in 2007. His blog keeps up to dates with his dealings and policies in his city. Mayor Slay. He was also reelected in 2005 and again in 2009.
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