The North-South terms of trade debate: a re-examination

Prabirjit Sarkar ()

Progress in Development Studies, 2001, vol. 1, issue 4, 309-327

Abstract: Contrary to the classical proposition, the works of Prebisch and Singer launched the controversial hypothesis of long-term decline in the terms of trade of primary products vis-Ã -vis manufactures and a corresponding decline in the terms of trade of the South vis-Ã -vis the North. The present study traces the origin and evolution of the hypothesis and reviews the related statistical debate. It concludes that the empirical base of the Prebisch-Singer hypothesis is much stronger than it appeared in earlier decades. Reviewing some of the North-South models, the study also finds theoretical support for the Prebisch-Singer hypothesis.

Keywords: commodity prices; North-South trade; Prebisch-Singer hypothesis; terms of trade; unequal exchange; uneven development (search for similar items in EconPapers)
Date: 2001
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

Downloads: (external link)
https://journals.sagepub.com/doi/10.1177/146499340100100403 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sae:prodev:v:1:y:2001:i:4:p:309-327

DOI: 10.1177/146499340100100403

Access Statistics for this article

More articles in Progress in Development Studies
Bibliographic data for series maintained by SAGE Publications ().