ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Flaws in Locomotive Theory

Flaws in Locomotive Theory I S G THERE is not much new about the locomotive theory. All that it says is that economic growth in certain countries provides the stimulus to other countries, through their exports to the former. Two aspects of the proposition need to be noted: (1) the growth process is mutually supportive

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