Paul Krugman: What will globalization look like after the crisis ?

Paul Krugman, the Nobel Prize in Economics and famous NYT columnist, give is view about the face of globalization, after the crisis. No much, will change, does he think. Maybe some restrictions on capital flows. But globalisation should remain the same. Paul Krugman speaks also about the role small and medium business will/could play in the world economy. "I know companies of 25 people having one office in the US, one in Europe and one in Asia. That's something which is much easy to do, today, than it used to be in the past. However, if we saw a downshift in the percentage of jobs provided by multinationals, it is not a radical shift. Big corporations remain important in the globalization process. "It's not necessary to be big to operate across a wide area, but it doesn't mean that big has gone away", states Paul Krugman.
Though, globalization won't be necessary led by mutlinational companies, only, assumes the Nobel Prize. It has become more complicated. "Look at the difference between Taïwan and South Korea, for exemple. The first has a lot of multinationals, whereas the latter is more driven by national firms"
Beside, Paul Krugman underline the fact that globalization has triggered more inequalities in the world, that can be balanced by more social safety nets.

Category:

News & Politics

Tags:

• Paul
• Krugman
• economics
• globalization
• globalisation
• mondialisation
• future
• crisis
• trade
• capital
• multinational
• micromultinational
• SMB
• nobel
• prize

[Ramaswami07]

Obama has one of the most intellectual and forward thinking cabinets in the last 30 years. Why Paul Krugman is not in there I will never know

[uru86]

The banks and Wall St. don't want him there.

[LogicalFlawDetector]

The way to phase out negative impacts of globalization is by nationalizing healthcare? What about increased investments, competition, and programs like the Earned Income Tax credit?

[LogicalFlawDetector]

@Ramaswami07

Like who, Christina Romer, Larry Summers etc?

[shanemacc]

@Ramaswami07 he's too smart for politics - politics in the US are dominated by people who are more concerned about their egos

[Moragauth]

Look up Hans Hermann Hoppe and Walter Block's writings on "externalities" and "public goods". Mises too while you're at it. They explode this fallacy masquerading as economic theory, i.e. masking for socialism.

[Moragauth]

Indeed, why is he not there with the other charlatans?

[islandmuffin]

The peer-reviewed research was published in May 2010 issue of the Econ Journal Watch (EJW), edited by Daniel B. Klein.

Seven Nobel laureates are members of the EJW Advisory Council.

[UtubeMyAccountName]

"Would never happen if the water was publicly owned,..."

...again, CC scandal notwithstanding, what proof do you have of this?

Do you know how many more scandals have been uncovered in the public sector than the private sector here in the U.S. percentage wise? It almost 4 to 1

[UtubeMyAccountName]

Here in the U.S. we have both public and private water sources; and you know what, private water is cheaper AND cleaner.