Description acceptable. In a 2020 article, Robert Feenstra argued that dramatic price swings following this policy event cannot be explained by the granting of PNTR. This policy event is the subject of a 2013 American Economic Review article that instrumented a measure of US industry-level penetration with data from eight comparable developed countries. Harsh conditions imposed before this policy event required that its central country agree to rules like TRIMs despite being designated a “non-market economy.” (15[1]-5[1])David Autor, (15[1])David Dorn, and Gordon Hanson (-5[1])have argued that the (*) “shock” stemming from this policy event (10[1])caused local labour market contractions (10[1])in regions like Virginia’s furniture belt. For 10 points, Bill Clinton approved (-5[2])what 2001 (-5[2])policy (-5[1])event, which involved (-5[1])the world’s then-most populous country joining the successor organization to GATT? (10[2])■END■ (10[4]0[2])