Q. What is "immiserizing growth"? (Solved)
1. Export-biased growth that worsens terms of trade so that a country is worse off as a result.
2. The specialization of low-income countries in production of low-wage products.
3. Trade that hurts the poorest group of people.
4. Improvement in a country's terms of trade at the expense of other countries.
- a. Export-biased growth that worsens terms of trade so that a country is worse off as a result.