The Immiserizing Growth Problem Of Textile Industry In China

That the gains fi'om economic growth will be counteracted by the ever—deteriorating terms of is the problem of "immiserizing growth" nagging developing countries. Empirical analysis shows that with the fast development of Chinese foreign trade, Chinese textile industry development looks more and more like an immiserizing growth, and from the whole of China, the trade condition could possibly get worsen. So, for the continous and effective development of Chinese economy and foreign trade, it's urgent and necessary to pay attention early to the immiserizing growth problem.