price scissors
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(economics) The phenomenon where, for a certain group or sector of productive population, the overall valuation from their production for sale outside the group drops below the valuation of the demand of the group for goods produced outside the group after a period of reasonable equilibrium. For example, changing world price levels cause a country's exports to plummet in value, while the valuation of its imports remains relatively stable.
price scissors
As global markets shifted, the nation's textile sector was devastated by price scissors, with export revenues collapsing while import values stayed high.
As global markets shifted, the nation's textile sector was devastated by price scissors, with export revenues collapsing while import values stayed high.
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