The Generalized Theory of Transfers and Welfare: Bilateral Transfers in a Multilateral World Bhagwati Jagdish N. author Columbia University. Economics Columbia University. Political Science Brecher Richard A. author Hatta Tatsuo author Columbia University. Economics originator text Articles 1983 English We demonstrate that the phenomenon of immiserizing transfers from abroad (and the analytically symmetric phenomenon of enriching transfer payments) in the presence of market stability can arise only if there is a distortion characterizing the economy in question. Economics American Economic Review 73 4 606 618 1983-09 http://hdl.handle.net/10022/AC:P:14618 NNC NNC 2012-09-06 15:09:45 -0400 2012-09-06 15:18:53 -0400 8641 eng