"Balassa-Samuelson effect" meaning in English

{
  "etymology_text": "Named after Béla Balassa and Paul Samuelson.",
  "forms": [
    {
      "form": "Balassa-Samuelson effects",
      "tags": [
        "plural"
      ]
    }
  ],
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      "args": {},
      "expansion": "Balassa-Samuelson effect (plural Balassa-Samuelson effects)",
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  "lang": "English",
  "lang_code": "en",
  "pos": "noun",
  "senses": [
    {
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            "Entries with incorrect language header",
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        {
          "kind": "topical",
          "langcode": "en",
          "name": "Economics",
          "orig": "en:Economics",
          "parents": [
            "Social sciences",
            "Sciences",
            "Society",
            "All topics",
            "Fundamental"
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      ],
      "glosses": [
        "The tendency for consumer prices to be systematically higher in more developed countries than in less developed countries."
      ],
      "id": "en-Balassa-Samuelson_effect-en-noun-Gu4E~0GW",
      "links": [
        [
          "economics",
          "economics"
        ],
        [
          "developed countries",
          "developed country"
        ]
      ],
      "raw_glosses": [
        "(economics) The tendency for consumer prices to be systematically higher in more developed countries than in less developed countries."
      ],
      "related": [
        {
          "word": "Penn effect"
        }
      ],
      "topics": [
        "economics",
        "sciences"
      ],
      "wikipedia": [
        "Béla Balassa",
        "Paul Samuelson"
      ]
    }
  ],
  "word": "Balassa-Samuelson effect"
}

{
  "etymology_text": "Named after Béla Balassa and Paul Samuelson.",
  "forms": [
    {
      "form": "Balassa-Samuelson effects",
      "tags": [
        "plural"
      ]
    }
  ],
  "head_templates": [
    {
      "args": {},
      "expansion": "Balassa-Samuelson effect (plural Balassa-Samuelson effects)",
      "name": "en-noun"
    }
  ],
  "lang": "English",
  "lang_code": "en",
  "pos": "noun",
  "related": [
    {
      "word": "Penn effect"
    }
  ],
  "senses": [
    {
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        "English countable nouns",
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        "en:Economics"
      ],
      "glosses": [
        "The tendency for consumer prices to be systematically higher in more developed countries than in less developed countries."
      ],
      "links": [
        [
          "economics",
          "economics"
        ],
        [
          "developed countries",
          "developed country"
        ]
      ],
      "raw_glosses": [
        "(economics) The tendency for consumer prices to be systematically higher in more developed countries than in less developed countries."
      ],
      "topics": [
        "economics",
        "sciences"
      ],
      "wikipedia": [
        "Béla Balassa",
        "Paul Samuelson"
      ]
    }
  ],
  "word": "Balassa-Samuelson effect"
}