A new perspective on an Old Debate: is Prebish-Singer's thesis still valid?

• Main Authors: Julio Castro Alves de Lima e Silva, Luiz Carlos Delorme Prado, Julia Ferreira Torracca
• Format: Article
• Language: Portuguese
• Published: Universidade de São Paulo 2016-06-01
• Series: Economia Aplicada
• Subjects: Globalization – Economic Development; Empirical Studies of Trade; Trade Policy
• Online Access: http://www.revistas.usp.br/ecoa/article/view/117012
• ISSN: 1413-8050; 1980-5330

This article aims to discuss if the Prebisch-Singer Thesis, applied to contemporary international trade features, is still valid. Therefore, the paper presented the original hypothesis and tested the trend of terms of tradebetweenthecommoditiesanddifferenttypesofmanufacturedproductsfor the period1977to 2011. The study concludes that, despitethe recent rise in commodities price, prices of manufactured goods of medium and high technology also grew, remaining the long-term trend deterioration of the terms of trade