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Tuesday, November 27, 2007

Globalization is "A Lot Less Important Than You Think"

Paul Krugman says international trade doesn't matter as much as you might think:

Cool the globalization rhetoric, Marketplace: ... Paul Krugman: I've been on the road a lot lately, talking to audiences about my hopes for a great revival of middle-class America, and I almost always get asked about whether such hopes make sense in an age of globalization. Is it really possible to make working Americans better off, when they have to compete with workers around the world?

Yes, it is. The truth, is that international trade is less important, for good or for evil, than most people suppose. [...continue reading...]

    Posted by on Tuesday, November 27, 2007 at 12:33 AM in Economics, International Trade | Permalink  TrackBack (0)  Comments (55)

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