Paul Krugman on Why International Trade is Good
The Good Fight
00:00
The Dynamics of International Trade
This chapter explores the complexities of international trade, focusing on why similar countries engage in trade despite lacking significant comparative advantages. It examines the pivotal role of economic models, highlighting their strengths and limitations in understanding market dynamics and the intricacies of specialization. Through real-world examples, the discussion underscores the importance of adaptability in economic thinking and the historical factors influencing the emergence of financial centers.
Transcript
Play full episode
