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 |
| _version_ | 1848753567039488000 |
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| author | Bloch, Harry |
| author_facet | Bloch, Harry |
| author_sort | Bloch, Harry |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | 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 based on the differential trading position of primary producers and manufacturers, especially the greater market power of manufacturers and unions representing industrial workers as compared to primary producers and their workers. This differential trading position gives rise to an increasing disparity in relative incomes favouring workers and firms engaged in manufacturing in the industrialized countries at the expense of workers and firms in primary production in developing countries. |
| first_indexed | 2025-11-14T08:26:34Z |
| format | Working Paper |
| id | curtin-20.500.11937-32096 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T08:26:34Z |
| publishDate | 2005 |
| publisher | School of Economics and Finance, Curtin Business School |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-320962017-01-30T13:29:10Z Growth, commodity prices, inflation and the distribution of income Bloch, Harry 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 based on the differential trading position of primary producers and manufacturers, especially the greater market power of manufacturers and unions representing industrial workers as compared to primary producers and their workers. This differential trading position gives rise to an increasing disparity in relative incomes favouring workers and firms engaged in manufacturing in the industrialized countries at the expense of workers and firms in primary production in developing countries. 2005 Working Paper http://hdl.handle.net/20.500.11937/32096 School of Economics and Finance, Curtin Business School fulltext |
| spellingShingle | Bloch, Harry Growth, commodity prices, inflation and the distribution of income |
| title | Growth, commodity prices, inflation and the distribution of income |
| title_full | Growth, commodity prices, inflation and the distribution of income |
| title_fullStr | Growth, commodity prices, inflation and the distribution of income |
| title_full_unstemmed | Growth, commodity prices, inflation and the distribution of income |
| title_short | Growth, commodity prices, inflation and the distribution of income |
| title_sort | growth, commodity prices, inflation and the distribution of income |
| url | http://hdl.handle.net/20.500.11937/32096 |