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On Oct 13, 4:49 pm, "[EMAIL PROTECTED]" <[EMAIL PROTECTED]> wrote: > Official web pagehttp://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 world-thread@googlegroups.com 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 -~----------~----~----~----~------~----~------~--~---
