Dean of the School of Global Policy and Strategy @UCSD; former @WorldBank; author of Rich People Poor Countries.
San Diego, CA
Joined March 2012
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As a dean, it is heartbreaking when foreign students ask if they are safe studying here.
As an economist, I worry about the effects on our great country. My latest
thehill.com/opinion/educatio…
Caroline Freund retweeted
Diving into GPS prep at UC San Diego—microeconomics, modeling and new friends from around the world! Meet Evan, a new student and marketing intern, excited for the journey ahead. 🎓 Learn more: ow.ly/t0Wi50ZImJl
#UCSanDiegoGPS #GradSchool #StudentLife
Caroline Freund retweeted
Are tariffs raising prices? GPS Dean @CarolineFreund finds foreign exporters absorbed 40-50% of hikes. But tariffs aren't good policy. Read @UCSanDiego ow.ly/qm8350ZFV6P #PublicPolicy #TradePolicy
Previous studies that find US importers paid tariffs treat trade flows symmetrically. Once the country-product trade flows are weighted by economic importance – or restricted to the dominant exporters of the most important products – a very different picture emerges.
Foreign exporters absorbed nearly half of the 2025 US tariff shock
Caroline Freund @CarolineFreund @GPS_UCSD @UCSanDiego
ow.ly/VcQc50ZAkFh
Evidence of terms-of-trade effects: The largest foreign exporters paid roughly half of the US tariffs. cepr.org/voxeu/columns/forei…
Diversification is hard. China controls a large share of global supply and US controls a large share of global demand. Other countries want to replace China in production--not so much in consumption, despite consumption being the ultimate goal.
Caroline Freund retweeted
💸 Dean @CarolineFreund recently joined as an expert guest for a @planetmoney episode to discuss the bigger picture of trade policy. Freund also explains how "protectionism" can directly impact our daily consumption of basic goods like sugar. 🎧 ow.ly/IHzP50WNhWh #Tariffs
I’m against tariffs—a trade war would be terrible—but exaggerating their dangers could backfire. The biggest risk from raising tariffs has (so far) been dodged.
thehill.com/opinion/finance/…
International students bring a diversity of views & experiences + education is a major US export.
Yet student visa appointments are scarce in select countries. Even allies like Japan. Makes me worry that student visas are now chips in trade negotiations.
jp.usembassy.gov/visas/
Controlling for transshipment and de minimis, we show that China is being replaced by . . China in US market.
As direct imports from China fall, goods entering through transshipment and de minimis increase.
Chapter 4 in The State of Globalisation | CEPR
Paper is here: cepr.org/voxeu/columns/state…
Caroline Freund retweeted
Join us at the 2025 Johns Hopkins Geoeconomics Conference! 😀
🗓️Friday, May 2, 2-7 PM
🎤Keynote: @m_maggiori
💬Policy Panel: @gilliantett @pogourinchas @CarolineFreund @JayCShambaugh Henry Farrell
🥂Reception
🧑🤝🧑Register at eventbrite.com/e/johns-hopki…
🔗: mediahost.sais-jhu.edu/saism…
A great example of how University research saves lives. AI cameras developed and run out of UC San Diego spot wildfires before they spread. wsj.com/tech/ai/these-ai-cam…
Caroline Freund retweeted
In this episode of "Driven to solve," professor @KyleLHandley addresses his research focus on the process of how policy is made – and in some cases, unmade – and how it can create uncertainty for people making economic, business or investment decisions: ow.ly/bXjo50UVN0W
ALT GPS professor Kyle Handley. Text reads, "Driven to solve. Kyle Handley"
Using product-level data, I estimated the share of US imports from Mexico and Vietnam that are likely to be transshipped from China.
Full report here: 02072025-brief-identify-tariff-evasion-web.pdf
#3 in public universities! Two @GPS profs cited:
Jennifer Burney "studying why certain racial and ethnic groups in the US face higher exposure to urban heat."
Joshua Graff Zivin "examining the effects of extreme heat on labor"
today.ucsd.edu/story/uc-san-…
Caroline Freund retweeted
The 2024 @SusanShirk1 Lecture on U.S.-China Relations by @FareedZakaria, renowned CNN host and author, to speak on a new path to U.S.-China relations, will be livestreamed here today at 5:30 p.m. PDT.
youtube.com/live/yONigEqhQSc…
I learned a lot in Tokyo from our amazing @GPS_UCSD alumni! Originally an International Relations and Pacific Studies (IRPS) program, we continue to have strong links with Asia.
Caroline Freund retweeted
GPS was privileged to have alumna Liliana Ferrer-Silva ’91 — who serves as the Ambassador of Mexico to Thailand, concurrent in Cambodia — to address the Class of 2024. #GPSCommencement
ALT Ambassador Liliana Ferrer-Silva claps at a wooden podium to congratulate GPS graduates.