Paul Krugman was awarded the Nobel Memorial Prize in Economic Sciences. He was commended for his research on the effect of globalization on international free trade, a work titled New Trade Theory.
Paul Krugman, a Princeton University professor and columnist for the New York Times, examined details like the impact of increased urbanization on economic geography.
The Nobel Prize committee said "By having integrated economies of scale into explicit general equilibrium models, Paul Krugman has deepened our understanding of the determinants of trade and the location of economic activity."
As as a tribute to his award, here is a slide show on some innovations we’ve seen in globalization and economics, some of which tie into the credit crunch, such as the rise in freeconomics.
23 Economic Innovations
23
Flags Represent Real World Facts
Meet the World Flags
22
Green Banking
e3bank
21
MBAs Without Borders
20
P2P Money
Cheaper Lending and Borrowing Without Banks!
19
Chinese Government Bans Western Adult Pop Culture Items
18
Freeconomics & Food
McDonalds Gives Out Free McSkillet Burritos
17
Online Communities to Surpass Porn
Economist Suggests Shift in Web Usage
16
Mega Cities
World Hubs in 2025
15
Freeconomics
Wired Gives Out Free Magazines
14
Educational Virals
Shift Happens by Karl Fisch
13
Ancient Culture Meets Electronic Music
Amerindians In Bogota
12
Microlending Credit Cards
KivaB4B Doubles Grants
11
Economic Insight Through Fashion
Designers Echo Economy
10
5 Jobs Created By Global Warming
Careers For Climate Change
9
Credit Crunch Business Profanity
The Economist September 2008 Spoof
8
Fashionable Micro-Lending
Benetton's Global Campaign to Support Birima
7
Microlending To Entrepreneurs
Richard Branson Launches Virgin Money
6
Freeconomics of Music
Coldplay's Next Single is Free
5
Free Energy
Potomac Energy Project
4
Freeconomics & Food 2
Ben & Jerry Give Out Free Ice Cream
3
Surviving Without "Made in China"
Family Goes 1 Year Without Chinese Goods
2
International Business in 2008
5 Ways Companies Can Make Money In The Middle East
1
A Move for an Oil-Free Economy
Abu Dhabi Nuclear Programme
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Branded Science Center Smartphones
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Electric Transportation Concepts
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Futuristic Chair Concepts
MIT Students Explore “The Next 150-Year Chair”
Croatian Crocheted Umbrellas
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Health-Conscious Mouse Designs
The 'Ergo' Ergonomic Mouse Concept by Pranav Kuber is Advanced
Cross-Border Collaboration Pavilions
Poetics of Necessity is the Polish Pavilion by Fundacja BRDA
AI Post-Apocalyptic Cities
Top10Casinos Explores the Future, Inspired by the Dune Universe
Crystal-Adorned Crushed Cans
Sam Keller Glamorizes Food Products and Packaging
Future Building Material Exhibitions
The Farrell Centre Debuts Its Inaugural Exhibition
Gold Trophy-Themed Soda Cans
Coca-Cola Europe Launches a New Can Design Honoring the World Cup
Emerging Technology Publications
New Society Has Launched Its Inaugural Book About Technology
Niche Search Engine Tools
Global Explorer Helps Users Discover and Dive Deeper into Topics
Globally Influenced Perfume Books
A Perfume Atlas is Curated by LV and Jacques Cavallier Belltrud
Artist-Focused Luxury Exhibits
Louis Vuitton and Yayoi Kusama Debut an Art Experience in Hong Kong
Sustainable Airport Terminal Designs
This Lush Green Terminal is Powered By Renewable Energy
Ocean Waste-Made Office Chairs
Okamura Designs the Sphere Office Chair from Fishing Nets
Convention-Challenging AC Campaigns
Samsung's WindFree Ad Stars a Savvy Grandma-Fluencer
Ocean-Cleaning Island Cities
Estudio Focaccia Prieto Conceptualizes Self-Sustaining Island Cities
Performance-Driven Ergonomic Office Chairs
Stan Deng's Newtral Magich Chair is Ultra-Adaptable
Rediscovered Iconic Masterpieces
A Long-Lost Work from Gustav Klimt Will Embark on a Global Tour
New Wave-Inspired Fashion Collections
Abel Honor New York Boasts New Wave Streetwear for Men
Time Travel Fast Food Ads
These McDonald's Ads Take People Back in Time to Escape Inflation
New York-Inspired Picnic Series
Nik Bentel's New York Picnic Series is Whimsical & Eye-Catching
Whimsical Pop-Up Cognac Bars
Yinka Ilori Designed an Eye-Catching Pop-Up at Selfridges
Eco Strategy Games
Catan - New Energies Puts a Modern, Sustainable Twist on the Strategy Game
Student-Designed Runway Shows
The Kingston School of Art Put on a Futuristic Fashion Show
Snack-Themed Textbooks
FUNdamental Textbooks by Heinz Make Learning More Playful
Kid-Envisioned Urban Environments
The Little Big Playmat Takes a Creative Path to Design Problems
Recipe-Suggesting Web Browsers
The Inflation Cookbook has a Tool to Monitor Ingredient Prices
Nature Material-Made Luxe Accessories
Kengo Kuma Presents New Sustainable Designs for Fendi
Physicist-Inspired Leather Jackets
Levi's Relaunches Albert Einstein's 'Menlo Cossack Jacket'
Contemporary Smartphone Exhibitions
Ester Bruzkus Architekten Designs 'The World in My Hand'
Ukranian Fashion Collections
Freedom Fashion Ukraine Showcases Designers at the Coterie Trade Show
Ambiance-Forward Exhibitions Settings
Paul Stolper Gallery Juxtaposes Brian Eno and Dan Flavin
Olympic-Ready Elevated Footwear
Nike Optimizes its Air Cushioning Tech in New Range of Shoes
Y2K Shopping Pop-Ups
Klarna's House of Y2K Explores the Evolution of Shopping Since the 2000s
Cross-Cultural Rug Collections
The Nordic Knots x Giancarlo Valle Rug Collection Merges Aesthetics
Upcycled Object Exhibitions
Nendo and Daniel Arsham Design, Break, and Create Functional Objects
AI-Powered Marketing Tools
This E-Commerce Tool Uses Customer Data to Project Reward Impacts
Silver Curtain Concrete Homes
Local Studio Bangkok Tokyo Architecture Designs the House K
Experimental Prototype Exhibitions
Stephen Burks Creates Designs for Global Crises
Beach Day-Inspired Fashion Collections
Saul Nash's Spring/Summer 2024 Line is Titled Intersection
Climate Crisis Awareness Exhibitions
Kinetic Singapore Unveils the School of Tomorrow Exhibition
Gifting-Focused Travel Chocolate Products
Ferrero Travel Market Has Shown Off New Treats
Lunar New Year-Inspired Noteboooks
Moleskine Adds New Designs to the 3 Artists, 3 Countries Series
Open-Ended Dynamic Furniture
Designer Nebil Zaman Unveils a New Series of Plaster Furniture
Brand-Led Global Studies
The LEGO Group Conducted a Study That May Inform Market Decisions
Avant-Garde Coffee Table Books
New Society Hosts 'Decentralization, Please Save Culture' Event
Award-Winning Housing Designs
Hong-En Lin Emphasizes the Importance of Clean Water Access
Craftsmanship-Centric Artful Exhibitions
OMA Designs the Loewe Crafted World Exhibition
3D-Printed Sustainable Pendant Lamps
Philips Presents the New MyCreation Droplet Pendant Lamp
Nature-Inspired 3D-Printed Handbags
Julia Koerner Designs a new Bag Using Algorithms
Historical Humankind Coffee Books
Hungry Minds Presents The Book to Nurture Childlike Curiousity
Awareness-Raising Banana Art
Fairtrade Created the World's First Non-Fungible Banana
Complimentary Soup Trucks
The Good Humor Soup Truck is Sharing Free Soup in NYC
Global AI Art Contests
Shutterstock and the UN Partner for the Canvas of the Future
Hand-Blown Glassware Collections
Glasvin's Collections are Luxurious and Exquisite
Water-Covered Speaker Installations
Google and Lachlan Turczan Unveil Shaped by Water in Milan
Futuristic Vision Design Books
Nike Introduces the New No Finish Line Book Highlighting the Future
Functional Workwear Exhibitions
Nieuwe Instituut's Workwear Exhibition is Curated by Eldina Begic
Rejuvenated Former Bank Buildings
This Dutch Building Now Boasts Solar Panels & Insect Hotels
Futuristic Fusion Power Plants
This Power Plant Will Efficiently Contribute to the Electrical Grid
Luxe Conceptual Technical Outerwear
Rolf Ekroth Unveils the Latest Capsule for the FW23 Season
Eco-Friendly Telecom Companies
SK Group Showcased Over 40 Sustainable Technologies at CES 2023
Asia-Honoring Artisanal Handmade Designs
IKEA Presents its MÄVINN Collection Celebrates Asia
Social Experiment Virtual Apartments
Christoffer Jansson Creates the New Uncanny Spaces Project
Urban Waste-Made Furniture
Javier Guzmán Cervantes and Ex Soup Join on an Exhibition
Community-Honoring Graphic T-Shirts
AELIZA Joins New Currency on a Collaborative Tee
Robotic Knitting Factories
KX Labs is Looking to Inject Momentum in Domestic Shoe Production
Reusable Classical Artwork Exhibitions
Recycling Beauty at Fondazione Prada is a Remarkable Study
Gen Z Budgeting Platforms
Buddy and Klarna Teamed Up to Support Gen Z Financial Health
Fish Scale-Resembling Facades
Renzo Piano Building Workshop Designs the Istanbul Modern
Quantum Computing Toolkits
The World Economic Forum and Deloitte Debut a Quantum Readiness Toolkit
Colorful Social Housing Blocks
Gluck+ Completes the Van Sinderen Plaza Along a Subway Line
Inflated Dynamic Design Exhibitions
Vienna Design Week Hosts the Series Exhibition this Year
Updated Sustainable API Features
Google Adds New Features to its Ingenious Project Sunroof
Designer-Artist Exploration Exhibits
The Eames Institute of Infinite Curiosity Debuts an Exhibit
Artfully Vibrant Basketball Jerseys
KAWS Gives the Brooklyn Nets a New Uniform Update
Urgent Surgical Centers
Shigeru Ban Architects and AMBK Designed a Surgical Center for Ukraine
Preppy Co-Ed Luxe Fashion
Thom Browne Presents its 20th-Anniversary Line of Apparel
Creative-Collaborative Skate Shoes
Imran Potato Joins Vans OTW on the Knu Skool Sneaker
EV Market Expansions
XPeng is Expanding to Three New European Markets with a New EV
Zero-Waste Alpaca Scarves
Alex Crane Introduced the New Moto Scarf
Ambient Atmospheric Music Exhibitions
Brian Eno Presents a New Show at the Paul Stolper Gallery
Accessible Mixed-Reality Media
Chapter 2 Welcomes New Society to Revolutionize the Media Frontier
Humorous Slogan Graphic T-Shirts
Navinder Nangla Joins Converse on the City Tees Initative
Locally Focused Visionary Tableware
IKEA's Design Lab Presents the New Products of Place Campaign
Star-Led Luxury Fashion Campaigns
PRADA's Re-Nylon Collection Welcomes Renowned Actors
Sustainable Future Contests
The Samsung Solve for Tomorrow Contest Empowers Young Minds
Sleek Cradle-Transforming Suitcases
Amith Paul Designs the Schwan Portable Crib Structure
Eco-Friendly Cashmere Sweaters
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Music Journey-Exploring Fall Fashion
LABRUM Presents From Greener Pastures for the FW23 Season
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Geography-Based Esports Competitions
GeoGuessr Hosts Its First Esports World Cup with 24 Players
Digital Audio-Visual Exhibitions
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Racing-Inspired Bronze Sculptures
Paul Oz Celebrates Michael Schumacher with a New Sculpture
Upcycled Volleyball Trophies
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Jacquard Textile Design Exhibitions
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Environmentally Friendly Joint Furniture
FLOR and ECONYL Join Forces on a New Collection
Collaborative Home Design Collections
Ozwald Boateng Joins Poltrona Frau on Culture and Craft
Premiumized Frozen Meals
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BNPL Shopping Subscriptions
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Youth Intern Social Stunts
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Global Money-Transferring Apps
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Community-Supporting Prize Funds
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Punk-Inspired Parisian Factories
Studio ECOA Re-Designs the GSL Gallery Space with New Themes
Philosopher-Neighbouring Burial Plots
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AI-Powered Freelance Services
Fiverr Helps People Co-Create with Artificial Intelligence
Hyper-Local Gifting Communities
On the Buy Nothing Project App, Everything is Given Freely
Sustainable Red Utilitarian Homes
David Kohn Architects Designs the Red House in Southwest England
Eclipse-Capturing Smartphone Apps
Students at WKU Develop the Sunsketcher App Backed by NASA
Esports Championship Events
The European Games Esports Championships Announces its Game Titles
Awareness-Raising Poverty Campaigns
Oxfam Australia Debuts a Platform Called 'Unaccept Inequality'
Cultural Heritage-Themed Exhibitions
nendo sees Kyoto Displays Artful Pieces of Japanese Craft
Affordable Public Transport Initiatives
Germany Offers Unlimited Public Transit for €49 Monthly
Circular Collaborative Seating Designs
Aquafil Joins noho and ECONYL on a New Project
Electric Shipping Vessel Partnerships
Cargill and Kotug Have Partnered for Sustainable Shipping
Whimsical Woven Speakers
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Virtual STEM Fieldtrips
Panasonic, Katie Ledecky & Discovery Education Spotlight STEM Innovations
Drought-Awareness Rug Designs
Liselot Cobelens Designs the Dryland Rug in Four Looks
Sustainably Transformed Tech Headquarters
Google's New Chicago Office Will Be More Ec-Friendly
Desert Reflective Art Installations
Olafur Eliasson Designs the Shadows Travelling Installation
Sustainable Rug Exhibitions
Ruckstuhl Presents the Fellow – Metamorphosis of a Rug Series
Multi-Currency Payment Tools
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Barrierless Medical Schools
Albert Einstein College of Medicine Has Made a Historic Announcement
Summarized Neuroscience News
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Complementary Financial Literacy Courses
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Global P2P Transfer Services
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Romantic Debut Solo Exhibitions
EJR Barnes Debuts A Room on East 79th Street Show
Textile-Inspired Skyscraper Designs
Snøhetta Unveils the Airside Skyscraper at the Kai Tak Airport
Politically Artful Textile Shows
Barbican Hosts Unravel: The Power and Politics of Textiles in Art
Collegiate Esports Ceremonies
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Disaster-Ready Housing Prototypes
Holcim & Norman Foster Join on the Essential Homes Project
Bi-Culture-Inspired Art Exhibitions
Tomokazu Matsuyama Unveils 'Episodes Far From Home' Exhibition
Collaborative Monochromatic Art Exhibitions
KATSU and Frédéric Platéus Unveil 'DAS INTELLIGENCE'
Efficient Fact Generators
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Newspaper Gaming Platforms
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Efficient Personalized Idea Newsletters
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Reinterpreted Contemporary Designs
Kiko Kostadinov Interprets Kazuhide Takahama's Naeko Colelction