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单词 locomotive principle
释义 locomotive principle

The idea that growth in an economy, or in the world economy, depends on growth in some leading sector or leading country. The leader, which may be an industry with favourable investment opportunities, or a country with a strong balance of payments, can by expanding serve as a locomotive to pull the less dynamic parts of the economy or of the world after it.

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更新时间:2025/2/2 12:37:57