Growth in which exports increase faster than other components of national expenditure. This can occur either because foreign incomes are growing faster than at home, or because domestic products are becoming more competitive in world markets, through lower prices, increased variety, or quality improvements. The disadvantage of growth led by domestic consumption or investment is that it is liable to lead to balance-of-payments problems, as imports tend to rise faster than exports. Export-led growth will also tend to increase imports, but it is less likely to involve a country in balance-of-payments problems than growth led by an expansion of domestic spending.

• imports
• import substitution
• import surcharge
• import tariff
• imputation system
• imputed charge for consumption of non-trading capital
• imputed income
• IMRO
• incentive-compatibility
• incentives
• incidence of taxation
• income
• income approach to GDP
• income change, compensating
• income distribution
• income effect
• income elasticity of demand
• income expansion path
• income from employment
• income from self-employment
• income inequality
• income method
• income per capita
• income redistribution
• incomes and prices policy