Prebisch–Singer hypothesis
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In economics, the Prebisch–Singer hypothesis (also called the Prebisch–Singer thesis) argues that the price of primary commodities declines relative to the price of manufactured goods over the long term, which causes the terms of trade of primary-product-based economies to deteriorate.
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See also
- Celso Furtado
- Developmental economics
- Group of 77
- Structuralist economics
- United Nations Conference on Trade and Development (UNCTAD)
- Unequal exchange
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