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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
Economic growth that makes the country worse off. Bhagwati (1958) coined this term for growth that expands exports and worsens the terms of trade ...
August 15, 2008
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