From 1999 to 2017 Michigan had the same dismal growth performance as Italy. Is this due to a lack of "reforms" in Michigan or was the region simply negatively affected by globalization? In other words: Is it possible that Italy is a victim of regional effects of globalization? pic.twitter.com/GB0iig9axu

— Peter Bofinger (@PeterBofinger) May 29, 2018

Interesting thought but different time profiles. MI clearly hit much harder by global financial crisis, but didn't have Italy's/eurozone's self-imposed second recession. So arguably mostly macroeconomic policy differences. Early 2000s look similar, though, which fits China shock. https://t.co/wY2nJoH9vr

— Martin Sandbu (@MESandbu) May 29, 2018