Prebisch and Singer argued primary producers face deteriorating terms of trade

Evidence

Important works directly addressing developing countries and development issues include Prebisch and Singer’s structuralist arguments pointing toward a secular trend of deteriorating terms of trade for primary producers. — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, 1276

Categorization

• DEFINE: Names the Prebisch-Singer hypothesis and its core claim about declining terms of trade for commodity exporters.
• XREF: connects to: The Prebisch-Singer thesis dominated UN development economics but faced wide academic skepticism. — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin: The Making…, 1756; Haberler’s 1959 critique of Prebisch-Singer did not contradict the GATT report bearing his name — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin: The Making…, 1760