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.
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