Prebisch-Singer Thesis: Assumptions and Criticisms | Trade | Economics
In this article we will discuss about:- 1. Introduction to Prebisch-Singer Thesis 2. Assumptions in the Prebisch-Singer thesis 3. Criticisms. Introduction to Prebisch-Singer Thesis: There is empirical evidence related to the fact that the terms of trade have been continuously moving against the developing countries. On the basis of exports statistics concerning the United Kingdom between 1870 and 1940, Raul [...]