trade work against primary producers in the long run
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What evidence is there that terms of trade work against primary producers in the long run?
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What evidence is there that terms of trade work against primary producers in the long run?
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This type of situation can occur according to Latin American Political Economist RaÃ?ºl Prebisch. That being when there is a primary producer of say food stuffs in the raw form (say like Latin American bananas, coffee, and tropical fruits and sugars), and they trade this for mechanized and finished products with a modern industrialized country (say for example the USA), the primary producer of ...
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