According to Nobel prize-winning economist Gunnar Myrdal, cumulative causation and the spiral of local economic growth in one area tends to cause negative impacts in others called
A) backwash effects.
B) agglomeration diseconomies.
C) deindustrialization .
D) spread effects.
E) external economies.
Question 2
The spiral of economic growth and advantage that emerges as external economies, agglomeration and localization economies develop in a place is called
A) cumulative causation.
B) creative destruction.
C) neo-Fordism.
D) flexible production.
E) Reaganomics.
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