The idea that a country's economic fortunes are largely determined by its success on world markets is a hypothesis, not a necessary truth; and as a practical, empirical matter, that hypothesis is flatly wrong. That is, it is simply not the case that the world's leading nations are to any important degree in economic competition with each other, or that any of their major economic problems can be attributed to failures to compete on world markets.


Pop Internationalism (1996) - Competitiveness: A Dangerous Obsession (1994)

Paul Krugman Quotes

The idea that a country's economic fortunes are largely determined by its success on world markets is a hypothesis, not a necessary truth; and as a...

The idea that a country's economic fortunes are largely determined by its success on world markets is a hypothesis, not a necessary truth; and as a...

The idea that a country's economic fortunes are largely determined by its success on world markets is a hypothesis, not a necessary truth; and as a...

The idea that a country's economic fortunes are largely determined by its success on world markets is a hypothesis, not a necessary truth; and as a...