Immiserizing growth
id:
immiserizing-growth-279-3547451
title:
Immiserizing growth
text:
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. In rare circumstances, this fall in the terms of trade may be so large as to outweigh the gains from growth. If so, this situation would cause a country to be worse off after growth than before. This result is onl
brand slug:
wiki
category slug:
encyclopedia
description:
Theoretical concept of economic growth that, paradoxically, worsens the economy
original url:
https://en.wikipedia.org/wiki/Immiserizing_growth
date created:
date modified:
2023-02-01T19:44:43Z
main entity:
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image:
fields total:
13
integrity:
14