US economist Paul Krugman has won the 2008 Nobel Prize in Economics -- for work that integrates research in international trade and economic geography.
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Paul Krugman, Princeton University professor of economics and international affairs, listens to his introduction at a gathering in Princeton, after he was announced the winner of the 2008 Nobel Prize in economics Monday, Oct. 13, 2008. [AP]
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The Royal Swedish Academy of Sciences says Krugman's work helps explain why some countries dominate international trade.
Krugman's theory also addresses issues such as what drives worldwide urbanization.
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Gunnar Oquist (centre), The Nobel Academy spokesman annouces US economist Paul Krugman as the 2008 Nobel Economics Prize laureate at the Royal Swedish Academy in Stockholm. Krugman is a prolific New York Times columnist and fierce critic of Washington's economic policies. [AFP]
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Krugman is a professor of economics and international affairs at Princeton University in the US.
His award -- the last of the six Nobel prizes announced this year -- is worth about 1.4 million US dollars.
(CCTV October 14, 2008)
