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Eduncle posted an MCQ
October 17, 2019 • 23:01 pm 0 points
  • UGC NET
  • Economics

'Immiserizing growth' is the term given by

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    Eduncle Best Answer

    Immiserizing growth is a theoretical situation first proposed by Jagdish Bhagwati, in 1958, where economic growth could result in a country being worse off than before the growth. If growth is heavily export based it might lead to a fall in the terms of trade of the exporting country.

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