Krugman was, term search, 'flatly wrong', then, as well, about his critics.
The 'reality' is that international competition, trade, and foreign investment are more important than his critics had claimed, rather than less important.
Perhaps that is why the Japanese, back in the 70s, quietly crowed about hollowing out (and fattening up), as the Chinese premier pointed out, in then secret talks with Nixon in 72.
Of course when you hollow another out, you fatten up, don't you.
Krugman would of course have to argue that they must have been mistaken, too.
Well, re terms search, fattening things up, fattened herself, trading american interests,
I tend to believe the Japanese, and the Chinese, not Krugman, (never mind Prestowitz, or Chalmers Johnson, or Fallows, or the others).
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