Youtor
Prebisch Singer Hypothesis
>> YOUR LINK HERE: ___ http://youtube.com/watch?v=7YJkpUUfgTI
This video explores the Prebisch Singer hypothesis which highlights that primary product dependent countries will need to export ever larger quantities of their exports to receive the same given quantity of imports due to the likely long run decline in the r terms of trade. • This is due to the fact that primary goods such as Oil, Copper Iron Ore often have low income elasticities of demand while manufactured import goods will often have higher income elasticities. • • New Channel on financial and economic literacy for the real world: / @milesharris5315 • Subscribe to my new channel on real world economic literacy: / @milesharris5315
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