@techreport{NBERw4478,
 title = "Trade, Jobs, and Wages",
 author = "Paul Krugman and Robert Lawrence",
 institution = "National Bureau of Economic Research",
 type = "Working Paper",
 series = "Working Paper Series",
 number = "4478",
 year = "1993",
 month = "September",
 URL = "http://www.nber.org/papers/w4478",
 abstract = {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.},
}