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Meaning of Balassa-Samuelson effect | Babel Free

Noun CEFR B2

Definitions

The tendency for consumer prices to be systematically higher in more developed countries than in less developed countries.

CEFR level

B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.
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See also

Balasubramaniam Balasubramanian balata Balatan Balatanay Balatbat

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