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As he explained, “immiserizing” trade can arise only under quite unusual circumstances.
It drew particular attention to Jagdish Bhagwati’s early finding on “immiserizing” growth.
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nicseow commented on the word immiserizing
Immiserizing growth:Economic growth that makes the country worse off. Bhagwati (1958) coined this term for growth that expands exports and worsens the terms of trade ...www-personal.umich.edu/~alandear/glossary/i.html
August 15, 2008
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