It is just as likely that economic growth will worsen a country's terms of trade as that
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It is just as likely that economic growth will worsen a country's terms of trade as that it will 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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Related Book For
International Economics Theory & Policy
ISBN: 9780138002121
8th Edition
Authors: Paul R Krugman, Maurice Obstfeld
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