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Immiserizing Growth

  • Takashi Negishi
Chapter
Part of the Research Monographs in Japan-U.S. Business & Economics book series (JUSB, volume 6)

Abstract

Economic growth is generally to be welcomed from the point of view of the welfare of a country. It is particularly so when the growth is due to the capital accumulation rather than the increase in the population. Similarly, international trade is generally considered to raise the level of welfare of a country, i.e., the gains from trade is expected. One plus one may not, however, always make two. It is possible that the combined effect of the economic growth and international trade is to decrease, rather than to increase, the welfare of a country. This possibility was first pointed out by Edgeworth [1894] and then taken up again by Bhagwati [1958] who called such an economic growth the immiserizing growth.

Keywords

International Trade Capital Stock Foreign Investment Free Trade Capital Accumulation 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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References

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Copyright information

© Springer Science+Business Media New York 2001

Authors and Affiliations

  • Takashi Negishi
    • 1
  1. 1.Aoyama Gakuin UniversityJapan

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