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In 2002, the town of Galesburg, a slowly declining Rustbelt city of 34,000 in western Illinois, learned that it would soon lose its largest factory, a Maytag refrigerator plant that had anchored Galesburg's social and economic life for decades. Workers at the plant earned $15.14 an hour, had good insurance, and were assured a solid retirement. In 2004, the plant was relocated to Reynosa, Mexico, where workers spent 13-hour days assembling refrigerators for $1.10 an hour. In Boom, Bust, Exodus, Chad Broughton offers a ground-level look at the rapid transition to a globalized economy, from the...

Donald Trump and Bernie Sanders owed much of their unexpected popularity in the 2016 primaries to their respective stances on trade and immigration policy.
Political elites and policy experts were bewildered by combative talk of building a wall and the ubiquity of anti-TPP (Trans-Pacific Partnership) sloganeering in what many saw as a bizarre election cycle. They have scrambled to explain both Trump's victory and the new political fault lines that have emerged in both major political parties, largely around trade and immigration.
In struggling industrial towns and cities, the rise of...