The Prebisch-Singer hypothesis has been extremely influential in policy making during the 1980s as well as 1990s. In spite of subsequent broadening of the Prebisch-Singer thesis, away from barter terms of trade and into questions of international hierarchy, technology and other areas of dominance and dependence, the empirical basis has continued to be debated. In recent synthesis of the post-war terms of trade debate, Hans Singer suggested that despite the shift ...
