The Origins and Interpretation of the Prebisch-Singer Thesis

  title={The Origins and Interpretation of the Prebisch-Singer Thesis},
  author={J. F. J. Toye and Richard Toye},
  journal={History of Political Economy},
  pages={437 - 467}
  • J. Toye, R. Toye
  • Published 1 September 2003
  • Economics
  • History of Political Economy
The Prebisch-Singer thesis is generally taken to be the proposition that the net barter terms of trade between primary products (raw materials) and manufactures have been subject to a long-run downward trend. The publication dates of the first two works in English that expounded the thesis were nearly simultaneous. In May 1950, the English version of The Economic Development of Latin America and Its Principal Problems, by Raul Prebisch, appeared under the UN’s imprint. In the same month Hans… 

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