Posted in General on Feb 27th, 2004

Krugman on the trade tightrope:
Yet it’s bad economics to pretend that free trade is good for everyone, all the time. “Trade often produces losers as well as winners,” declares the best-selling textbook in international economics (by Maurice Obstfeld and yours truly). The accelerated pace of globalization means more losers as well as more winners; workers’ […]

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