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Staple theory of economic growth
A theory of growth based on production and export of "staples" -- which seems, in this context, to mean raw materials. The theory was designed for understanding the early history of Canada, and is said to be most relevant for economies with an abundance of open land. See Watkins (1963).
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Economy
- Category: International economics
- Company: University of Michigan
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