Trade, Jobs, and Wages / Paul Krugman, Robert Lawrence.

Format:

Book

Author/Creator:

Krugman, Paul.

Contributor:

National Bureau of Economic Research.

Lawrence, Robert.

Series:

Working Paper Series (National Bureau of Economic Research) no. w4478.

NBER working paper series no. w4478

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 1993.

Summary:

There is a broad consensus among US opinion leaders that our economic problem is largely one of failures of international competition -- that trade deficits have eroded our manufacturing base, that inability to sell on world markets has been a major drag on economic growth, and that imports from low-wage countries have caused a widening of income inequality. This paper summarizes recent evidence on these issues, and shows that while there may be a grain of truth to each complaint, in each case the effect is quantitatively minor. The arithmetic of 'competitiveness' just doesn't work.

Notes:

Print version record

September 1993.