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Economic growth is just as likely to worsen a countrys terms of trade as it is to improve them. Why,

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Economic growth is just as likely to worsen a country’s terms of trade as it is to improve them. Why, then, do most economists regard immiserizing growth, where growth actually hurts the growing country, as unlikely in practice?

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Immiserizing growth occurs when the welfare deteriorating effects of a worsening in an …View the full answer


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International Economics Theory and Policy

International Economics Theory and Policy

ISBN: 978-0273754206

9th Edition

Authors: Paul R. Krugman, Maurice Obstfeld, Marc J. Melitz

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Question Posted: October 24, 2012 23:38:00
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