Prebisch Singer Thesis

Discipline: Economics

Named after Argentine economist Raul Prebisch (1901-1986) and German-born British economist Hans Singer (1910- ); Prebisch-Singer thesis asserts that, given the permanent tendency for the terms of trade to go against agricultural products, it is in the interest of developing countries to erect protective tariffs behind which they can industrialize.

Source:
R Prebisch, The Economic Development of Latin America and its Principle Problem (New York, 1960);
H W Singer, 'The Distribution of Gains between Investing and Borrowing Countries', American Economic Review, vol. XL (May, 1950), 473-85

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