Economists on the Run
Economists on the Run
12/17/2019
link
summary
This article discusses the views of economist Paul Krugman on globalization and trade, particularly in relation to China. Krugman, a Nobel laureate, argues that the benefits of globalization have been oversold and that the United States' approach to trade with China has not worked out as expected. He suggests that China's rise as a manufacturing powerhouse has resulted in significant job losses and wage stagnation in the United States. The article also highlights the broader debate among economists about the impact of trade on domestic economies and the need for more balanced and fair trade policies. Overall, the article provides insights into Krugman's perspective on globalization and its implications.
tags
economic theory ꞏ paul krugman ꞏ economic integration ꞏ economic strategies ꞏ protectionism ꞏ global market ꞏ economic globalization ꞏ international trade ꞏ trade liberalization ꞏ trade agreements ꞏ trade war ꞏ economic consequences ꞏ china ꞏ economic competition ꞏ global economy ꞏ globalization ꞏ trade surplus ꞏ economic insights ꞏ trade patterns ꞏ economic impact ꞏ trade ꞏ global economic governance ꞏ economic debate ꞏ economic trends ꞏ global supply chains ꞏ economic development ꞏ economic growth ꞏ economic analysis ꞏ economic reforms ꞏ economic research ꞏ economic policies ꞏ economic cooperation ꞏ economic perspectives ꞏ economic outlook ꞏ free trade ꞏ trade relations ꞏ international economics ꞏ economic models ꞏ trade barriers ꞏ economists ꞏ global trade policies ꞏ trade deficit ꞏ comparative advantage ꞏ economic experts