Economists on the Run

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.