Trends in Developing Countries’ Commodity Terms-of-Trade since 1970  

Oleh:

Ram, Rati

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Review of Radical Political Economics vol. 36 no. 2 (Jun. 2004), page 241-253.
Topik: terms-of-trade; Prebisch-Singer hypothesis; developing countries
Fulltext: 241RRPE362.pdf (96.1KB)

Isi artikel

Trends in commodity terms-of-trade since 1970 are estimated for a sizable sample of countries. The predominant pattern for developing countries is that of negative trends, but there is some improvement since 1980, and an increase in the share of manufactures in exports appears helpful. The estimates seem generally supportive of the spirit of Prebisch-Singer hypothesis. Establishment of an international organization to generate and disseminate technology for developing countries might mitigate their disadvantage in international exchange.

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