Paul Krugman Quote

International trade in goods and services has expanded steadily over the past six decades thanks to declines in shipping and communication costs, globally negotiated reductions in government trade barriers, the widespread outsourcing of production activities, and a greater awareness of foreign cultures and products. New and better communications technologies, notably the Internet, have revolutionized the way people in all countries obtain and exchange information.

Paul R. Krugman, Maurice Obstfeld, and Marc J. Melitz, International Economics: Theory & Policy, 9th edition (2012)