what is the summary in pop internationalism by Paul Krugman
Paul Krugman cites the economical and political measures of the 1980s as pop internationalism. Pop internationalism targets individuals who are actively engaged in discussing international trade but ignore the basic concepts of economics. For instance, simple terms like GDP and value addition are often quoted in the wrong manner by such individuals.
Krugman criticises the notion of excessive protectionism as it hampers global trade and global economic prosperity. The doctrine of protectionism is mostly advocates by the industrialized Nations.