Campinas Map Tourist Attractions on It is Krugman, Paul 467 worth pointing out that Krugman did reach this conclusion on empirical grounds only, using the case of Japan. On a theoretical note, he did however show that granting protection to an industry could promote export under certain conditions. In 1991, Krugman wrote The Age of Diminished Expectations, addressing issues such as the productivity slowdown in the United States, INFLATION, UNEMPLOYMENT, and the DOLLAR among many others. He explained to a general audience why the gap in the distribution of income widened in the previous two decades, despite the robust economic growth of the Clinton era. Unlike some prominent economists who believe that the answer lay with globalization, Krugman proposed the reason had to do with productivity. Indeed, some economists believe that with the increased globalization, U.S. Campinas Map Tourist Attractions 2016.
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