Construct · 1 fields · 1 citations

vent for surplus: a standalone construct

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Development economics

the view that trade lets an economy with idle land and labor put them to work producing exports, raising output rather than just reallocating it.

In development economics, vent for surplus refers to the view that trade lets an economy with idle land and labor put them to work producing exports, raising output rather than just reallocating it. This meaning comes from Myint (1958) in The Economic Journal.[1]

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Nearby constructs

development1 fields · 2 citationsanchor · a standalone construct labor4 fields · 4 citationsjingle · one word, four constructs raising1 fields · 1 citationsanchor · one construct, one field

References

Myint, H. (1958). The "Classical Theory" of International Trade and the Underdeveloped Countries. The Economic Journal, 68(270), 317. https://doi.org/10.2307/2227598

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