Geography and Trade

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MIT Press, 1991 - Business & Economics - 142 pages
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"I have spent my whole professional life as an international economist thinking andwriting about economic geography, without being aware of it," begins Paul Krugman in the readableand anecdotal style that has become a hallmark of his writings. Krugman observes that his ownshortcomings in ignoring economic geography have been shared by many professional economists,primarily because of the lack of explanatory models. In Geography and Trade he provides astimulating synthesis of ideas in the literature and describes new models for implementing a studyof economic geography that could change the nature of the field.Economic theory usually assumes awaydistance. Krugman argues that it is time to put it back - that the location of production in spaceis a key issue both within and between nations.Paul Krugman is Professor of Economics at theMassachusetts Institute of Technology. He has been a consultant to the International Monetary Fund,the World Bank, the United Nations, the Trilateral Commission, and the U.S. State Department. He isa member of the Group of Thirty. His books include the recent bestselling Age of DiminishedExpectations: U.S. Economic Policy in the 1990s.

  

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Contents

The Case of the U S Manufacturing Belt
11
The Process of Change
26
Some Empirical Evidence
54
Regions and Nations
69
Center and Periphery Again
83
Concluding Thoughts
98
The CorePeriphery Model
101
History versus Expectations
115
Locational Gini Coefficients
129
Copyright

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About the author (1991)

Paul Krugman was born on February 28, 1953. He received a B.S. in economics from Yale University in 1974 and a Ph.D from MIT in 1977. From 1982 to 1983, he worked at the Reagan White House as a member of the Council of Economic Advisers. He taught at numerous universities including Yale University, MIT, UC Berkeley, the London School of Economics, and Stanford University before becoming a professor of economics and international affairs at Princeton University in 2000. He has written over 200 scholarly papers and 20 books including Peddling Prosperity; International Economics: Theory and Policy; The Great Unraveling; and The Conscience of a Liberal. Since 2000, he has written a twice-weekly column for The New York Times. He received the 1991 John Bates Clark Medal and the 2008 Nobel Memorial Prize in Economic Sciences. His title End This Depression Now! made The New York Times Best Seller List for 2012.

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