Developing countries Developing countries are often concerned that their terms of trade might deteriorate as economic growth occurs In terms of the analysis of production and consumption effects of...

Developing countries

Developing countries are often concerned that their terms of

trade might deteriorate as economic growth occurs In terms of the analysis of

production and consumption effects of economic growth, other things equal, what

type(s) of growth must occur and what type of country (“large” or

“small”) must a developing country be in order for the country’s

terms of trade to deteriorate as the country grows?