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Classic example of immiserizing growth

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Pakistan faces trade deficit along with a number of other macroeconomic problems. An expansion of textile sector can lead to minimize this deficit by an increase in exports to international market. However, these expansionary growth effects may hurt the country. What are the theoretical justifications for this kind of result and under what assumptions this would become a classic example of immiserizing growth? Explain your answer with the help of graph.

Reference no: EM132617794

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