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Tell us more about "counterdevelopment"

Counterdevelopment

Definition: Counter-development is a concept in political science and economics used to describe the situation where one country or region gains economic advantages through trade, investment, or other means that are not directly related to its own development. This can lead to the loss of jobs, income inequality, and social and environmental impacts. In this context, counterdevelopment refers to the process by which countries develop their economies while maintaining a balance between economic growth and sustainability, ensuring that they do not overtake those with more advanced development.


counterdevelopment