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The Prebisch-Singer (PS) hypothesis, which postulates the presence of a downward secular trend in the price of primary commodities relative to manufacturers, remains at the core of a continuing debate among international trade economists. The reason is that the results of testing the PS...
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Recent energy and food price surges, in the wake of Russia's invasion of Ukraine, have exacerbated inflation pressuresthat are unusually high by the standards of the past two decades. High and rising inflation has prompted many emerging market and developing economy (EMDE) central banks and some...
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Preise für natürliche Ressourcen stehen im Spannungsverhältnis zwischen Ökologie und Fairness. So dient die Einführung und Erhöhung von Preisen auf der einen Seite dem Schutz der Umwelt, weil sie die Ressourcennachfrage verringern. Auf der anderen Seite drohen sie, arme...
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integrated economy the terms of trade will display the same negative trend. Assuming that globalization would make the world …
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