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| Krugman wins Nobel for economics | Krugman wins Nobel for economics |
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| American academic Paul Krugman has won this year's Nobel economics prize, it has been announced. | American academic Paul Krugman has won this year's Nobel economics prize, it has been announced. |
| The Royal Swedish Academy of Sciences said the award recognised Mr Krugman's analysis of trade patterns and where economic activity takes place. | The Royal Swedish Academy of Sciences said the award recognised Mr Krugman's analysis of trade patterns and where economic activity takes place. |
| It said Mr Krugman, a Princeton University professor, had formulated new theories that answered questions about free trade and globalisation. | It said Mr Krugman, a Princeton University professor, had formulated new theories that answered questions about free trade and globalisation. |
| It was the last in a series of Nobel prizes announced this year. | It was the last in a series of Nobel prizes announced this year. |
| "What are the effects of free trade and globalisation? What are the driving forces behind worldwide urbanisation? Paul Krugman has formulated a new theory to answer these questions," the academy said in its citation. | |
| "He has thereby integrated the previously disparate research fields of international trade and economic geography," it added. |