TY  - JOUR
AU  - Krugman,Paul
AU  - Lawrence,Robert
TI  - Trade, Jobs, and Wages
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 4478
PY  - 1993
Y2  - September 1993
UR  - http://www.nber.org/papers/w4478
L1  - http://www.nber.org/papers/w4478.pdf
N1  - Author contact info:
Paul R. Krugman
Department of Economics
Princeton University
Woodrow Wilson School
Princeton, NJ  08544
Tel: 609/258-4570
Fax: 609/258-2809
E-Mail: pkrugman@princeton.edu

Robert Z. Lawrence
JFK School of Government
79 JFK Street
Cambridge, MA  02138
Tel: 617/495-1118
Fax: 617/496-2850
E-Mail: robert_lawrence@harvard.edu
M2  - featured in NBER digest on 1994-03-01
AB  - 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.
ER  -