Another term for immiseration.
- The immiserization argument is only one of the many complaints about the impact of international integration, but it is arguably the one with the widest currency.
- The evidence from both economic and social indicators suggests that globalization, far from being a force for immiserization, has rather been a source of improvement for the people residing in the poorer countries of the world.
- George saw immiserization as the consequence of inappropriate human institutions, not of the inescapable niggardliness of nature as Malthus had claimed.
- Example sentences
- It was believed that a secular decline in the terms of trade would result in ‘immiserizing growth ‘for the developing world if it continued to specialize in traditional raw material exports.’
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