growth triangle

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A cooperative venture among three or more countries; each has different factors of land, labour, capital, and management, which complement the others, generating mutual advantages in external trade and investment. Growth triangles offer economies of scale, widen potential markets, and may act as buffers against recession; see Landingin and Wadley (2005) J. Int. Dev. 17 on growth triangles in Asia.

Subjects: Earth Sciences and Geography.

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