美国经济学家保罗-克鲁格曼获诺贝尔经济学奖
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U.S. economist Paul Krugman wins 2008 Nobel Prize for Economics
U.S. economist Paul Krugman Monday won the 2008 Nobel Prize in Economics "for his analysis of trade patterns and location of economic activity."
"Patterns of trade and location have always been key issues in the economic debate," the Royal Swedish Academy of Sciences said in a statement.
"Paul Krugman has formulated a new theory to answer a series of questions, such as what the effects of free trade and globalization are and what the driving forces behind worldwide urbanization are."
He has thereby integrated the previously disparate research fields of international trade and economic geography," the statement said.
Krugman, 55, is professor of economics and international affairs at Princeton University in the United States.
His approach is based on the premise that many goods and services can be produced at less cost in long series, a concept known as economies of scale.
By having shown the effects of economies of scale on trade patterns and on the location of economic activity, Krugman's ideas have given rise to an extensive reorientation to the research on these issues, the statement added.
Answering questions at a news conference in Stockholm by phone from the United States, Krugman compared the current global financial crisis to the financial crisis that gripped Asia in the 1990s.
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