Prebisch-Singer Thesis

Name: Prebisch-Singer Thesis
Brand: Grin Verlag
SKU: 9783640317936
Price: 86.93 RON
Availability: InStock

Does the recent rise in primary commodity prices invalidate the Prebisch-Singer-Thesis?

Autor: Thomas Ihrke

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Editura: Grin Verlag

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Essay from the year 2008 in the subject Business economics - Miscellaneous, printed single-sided, gr...

Informații despre carte

Autor

Thomas Ihrke

Limbă

engleză

Legare

Carte - Carte broșată

Publicat

2009

Pagini

EAN

9783640317936

ISBN

3640317939

Enbook ID

01620204

Editura

Grin Verlag

Greutate

Dimensiuni

148 x 210 x 2

Descriere completă

Essay from the year 2008 in the subject Business economics - Miscellaneous, printed single-sided, grade: 2,0, Berlin School of Economics, language: English, abstract: Today we have two major approaches when it comes to trade policies. The first block is promoting a free-trade policy. The main argument here is, that everyone is better off, if they were specialise in products in which they have a comparative advantage (Ricardian thinking). Against Ricardo s basic idea of free trade and comparative advantages argues the Prebisch-Singer thesis. The Prebisch-Singer thesis (referred to hereafter as P-S thesis) argues that especially developing countries are not better off by specialisation in that what they can do best. This thesis has shown that developing countries rather suffer from it specialisation of producing primary commodities than benefit from, at least when we talk about a time period of the last century. But this long-term deterioration in the commodity prices came to an end by the year 2002, where we have seen a tremendous comeback of the commodity markets. The prices of primary commodities such as wheat, cooper and crude-oil etc. have risen very sharply in the last years. The effect for many developing countries, which mainly produces such primary commodities benefits extremely from this recent development. Does this commodity boom means that the P-S thesis is not valid anymore or can we compare this recent boom in the primary commodity sector with the situation in the early 1970, where we could also see a sharp increase in commodity prices and after a while the primary commodity prices continues its long-term downward trend?

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Prebisch-Singer Thesis

Does the recent rise in primary commodity prices invalidate the Prebisch-Singer-Thesis?

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