In the early 1990s, US export controls that aimed to keep high-tech goods and technologies out of the hands of enemies deterred from $15 billion to $25 billion of such exports. Recent US export controls seem to deter US high-tech exports considerably less. As percentages of seven broad...

International factors, such as the dramatic increase in imports from emerging-market economies, especially China, have been widely blamed for the decline in manufacturing employment in the United States over the past decade. The authors argue, however, that far more important in causing that...