What does immiserizing growth mean?
Definitions for immiserizing growth
im·mis·er·izing growth
This dictionary definitions page includes all the possible meanings, example usage and translations of the word immiserizing growth.
Wikipedia
Immiserizing growth
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 only valid if the growing country is able to influence world prices. Harry G. Johnson had, independently, worked out conditions for this result in 1955.
Numerology
Chaldean Numerology
The numerical value of immiserizing growth in Chaldean Numerology is: 1
Pythagorean Numerology
The numerical value of immiserizing growth in Pythagorean Numerology is: 8
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"immiserizing growth." Definitions.net. STANDS4 LLC, 2024. Web. 27 Apr. 2024. <https://www.definitions.net/definition/immiserizing+growth>.
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