Official web page http://web.mit.edu/krugman/www/
On Oct 13, 4:37 pm, "[EMAIL PROTECTED]" <[EMAIL PROTECTED]> wrote: > International Trade and Economic Geography > > Patterns of trade and location have always been key issues in the > economic debate. What are the effects of free trade and globalization? > What are the driving forces behind worldwide urbanization? Paul > Krugman has formulated a new theory to answer these questions. He has > thereby integrated the previously disparate research fields of > international trade and economic geography. > > Krugman's approach is based on the premise that many goods and > services can be produced more cheaply in long series, a concept > generally known as economies of scale. Meanwhile, consumers demand a > varied supply of goods. As a result, small-scale production for a > local market is replaced by large-scale production for the world > market, where firms with similar products compete with one another. > > Traditional trade theory assumes that countries are different and > explains why some countries export agricultural products whereas > others export industrial goods. The new theory clarifies why worldwide > trade is in fact dominated by countries which not only have similar > conditions, but also trade in similar products – for instance, a > country such as Sweden that both exports and imports cars. This kind > of trade enables specialization and large-scale production, which > result in lower prices and a greater diversity of commodities. > > Economies of scale combined with reduced transport costs also help to > explain why an increasingly larger share of the world population lives > in cities and why similar economic activities are concentrated in the > same locations. Lower transport costs can trigger a self-reinforcing > process whereby a growing metropolitan population gives rise to > increased large-scale production, higher real wages and a more > diversified supply of goods. This, in turn, stimulates further > migration to cities. Krugman's theories have shown that the outcome of > these processes can well be that regions become divided into a high- > technology urbanized core and a less developed "periphery". > > On Oct 13, 4:37 pm, "[EMAIL PROTECTED]" <[EMAIL PROTECTED]> wrote: > > > > > Paul R. Krugman > > >http://wws.princeton.edu/people/display_person.xml?netid=pkrugman&; > > > Title: Professor of Economics and International Affairs > > Area(s): > > International trade/finance > > Urban economics > > Japan > > > The author or editor of dozens of books and several hundred articles, > > primarily about international trade and international finance, Krugman > > is also nationally known for his twice-weekly columns in The New York > > Times and his monthly columns in Fortune Magazine and Slate. He was > > the Ford International Professor of International Economics at the > > Massachusetts Institute of Technology and has served on the U.S. > > Council of Economic Advisers. He was the recipient of the 1991 John > > Bates Clark Medal, an award given every two years by the American > > Economic Association to an economist under 40. Ph.D. Massachusetts > > Institute of Technology. > > > On Oct 13, 4:19 pm, "[EMAIL PROTECTED]" <[EMAIL PROTECTED]> wrote: > > > >http://nobelprize.org/nobel_prizes/economics/laureates/2008/ --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "World-thread" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/world-thread?hl=en -~----------~----~----~----~------~----~------~--~---
