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Immiserizing Growth

In: Developments of International Trade Theory

Author

Listed:
  • Takashi Negishi

    (The Japan Academy)

  • Takashi Negishi

    (The University of Tokyo)

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 are 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.

Suggested Citation

  • Takashi Negishi & Takashi Negishi, 2014. "Immiserizing Growth," Advances in Japanese Business and Economics, in: Developments of International Trade Theory, edition 2, chapter 0, pages 115-126, Springer.
    • Handle: RePEc:spr:advchp:978-4-431-54433-3_16
    DOI: 10.1007/978-4-431-54433-3_16
    as

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