‘What does 'immiserising growth’ argued?
1
Export-biased growth by poor nations would worsen their terms of trade so much that they would be worse off than if they had not grown at all
2
Export-biased growth by rich nations would worsen their terms of trade so much that they would be worse off than if they had not grown at all
3
Import-biased growth by poor nations would worsen their terms of trade so much that they would be worse off than If they had not grown at all
4
More than one of the above
5
None of the above