Growth, commodity prices, inflation and the distribution of income
Prebisch (1950) and Singer (1950) argue that the structure of the world economy leads to long-run deterioration in the net barter terms of trade for primary commodity producers in developing countries in their trade with manufacturers in industrialized countries. The ?Prebisch-Singer hypothesis? is...
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| Format: | Working Paper |
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School of Economics and Finance, Curtin Business School
2005
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| Online Access: | http://hdl.handle.net/20.500.11937/32096 |