Paul Krugman
Definition
American economist (b. 1953), 2008 Nobel laureate. Founded the New Trade Theory; now better known as a columnist.
Example
Krugman explained intra-industry trade between similar countries via economies of scale.
American economist (b. 1953), 2008 Nobel laureate. Founded the New Trade Theory; now better known as a columnist.
Krugman explained intra-industry trade between similar countries via economies of scale.