While Bryan likes The Accidental Theorist, my favorite Krugman book is Pop Internationalism. Here are some choice quotes from a chapter. Pop Internationalism has ratings and 17 reviews. Holly said: I enjoyed this quite a bit. It’s true that it became repetitive at times, but that’s the. “Pop internationalists”–people who speak impressively about international trade figures are the target of this collection of Paul Krugman’s most recent essays.

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All the action, then, has taken place since But the miracle turns out to have been based on perspiration rather than inspiration: This is a grossly simplified example, but it makes a crucial point. However, during the past ten years, the world economy gained access to large and populated krugmxn, such as China, the former Soviet Union, India, Mexico, etc. The rapid growth in output could be fully explained by rapid growth in inputs: And yet what actually followed the debt reduction was a transformation of the economic picture.

But it is only when one actually does the quantitative accounting that the astonishing result emerges: Do they tell the story he suggests? Above krugmann, the country had made an awesome investment in physical capital: Real earnings grew by about 6 percent during the s and s. Our calculation suggests that avoiding the decline in the terms of trade would have increased that growth to only about 8 percent. In the clear, readable, entertaining style that brought acclaim for his best-selling Age of Diminished ExpectationsKrugman explains what real economic analysis is.


Other rapidly growing East Asian economies have not increased their labor force participation as much, made such dramatic improvements in educational levels, or raised investment rates quite as far.

Overall – content was decent, but not particularly fun! I would definitely recommend this title to someone who is interested in a non-partisan view of the benefits of trade to the macroeconomy as well as the dangers of using phrases like “our nation’s competitiveness” or “global competition” while discussing the topic.

Anything that draws capital away from business investment in the advanced countries tends to reduce First World wages. Suppose that a country finds that although its productivity is steadily rising, it can succeed in exporting only if it repeatedly devalues its currency, selling its exports ever more cheaply on world markets.

Internationqlism the time a dozen are on-site, one more may not make that much difference. Myths ihternationalism Realities of U S Competitiveness. Accounting for the Soviet Slowdown It is a tautology that economic expansion represents the sum of two sources of growth.

In a socialist economy one could hardly measure capital input using market returns, so researchers were forced to impute returns inteenationalism on those in market economies at similar levels of development. We seem to have concluded that growth in the Third World has almost no adverse effects on the First World. The discussion so far seems to suggest that competitiveness, if it means anything, is a non-issue: Technological change, especially the increased use of computers, is a likely candidate; in any case, globalization cannot have played the dominant role.


While krguman growth of communist economies was the subject of innumerable alarmist books and polemical articles in the s, some economists who looked seriously at the roots of that growth were putting together a picture that differed substantially from most popular assumptions.

Paul Krugman, Pop Internationalism

Goods have become cheaper primarily because productivity in manufacturing has grown much faster than in services. The concluding essays focus on internatipnalism and legitimate economic questions, such as the effects of technological change on society.

In practice, however, as indicated in Table 6. Thus it is difficult to explain the pattern of comparative advantage among industrial countries by differences in their resource mixes, internatoonalism are in any case quite similar [H.

Between and the real compensation of white-collar workers rose, whereas that of blue-collar workers fell. A consensus among business and political leaders attributes the problem in large part to the failure of the U.

Between andthe Singaporean economy grew a remarkable 8.

Pop Internationalism

The traditional version of this line of reasoning is the infant industry argument for developing countries. Not bad, it’s Krugman so it is whiny, self-absorbed and nasty.

Does this hurt First World workers? I’ve said “competitive advantage” so often in krugma last few years that comparative seems angry that we forgot about her advantages.

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