Paul Krugman … then you might be pretty confused about what’s happening to our world, economically. I recently finished a mid-career break to study globalization. When I started — 2005 — I wanted to explore something which was the common question among clients: ‘Where is globalization heading?’ Rather than reply with an uninformed hunch, I […]
Monthly Archives: September 2011
China as capital-goods exporter
Note: The left panel is 1997, the right panel is 2009. I’ve been reading the Macroeconomic Review of Singapore’s central bank (the new edition will be published in October), from which the above ‘heat maps’ are lifted. Read down the Y-axis for the exporting country, and the X-axis for the importer. China is still a […]