Staple trap
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Mentions
- From Transforming or Reforming Capitalism - Chapter 3 - Lamb "Towards an Economic Theory of Community Economic Development": Sustained growth depends on the ability to transform for market demands. A staple trap occurs with over dependences on export. Resource companies don't typically diversify and foreign investors with "export" their profits, resulting in an undiversified economy. Success results in growing past a staple economy. Staple theory is important to CED because of the concepts of maximizing linkages and minimizing leakage.