The Economic Development Of Latin America

By R. Prebisch. 2016

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A lost century in economics: Three theories of banking and the conclusive evidence☆ (2016, background): “…exports declines over time compared to the relative price of their imports — since relative prices are a function of value added, with high value added exports over time becoming more expensive in relative terms and low value added exports becoming cheaper, see Prebisch, 1950, and Singer, 1950).”
Three frames for innovation policy: R&D, systems of innovation and transformative change (2018, background): “Following the earlier work of Prebisch (1950) and Singer (1950), a doctrine of import substitution led a number of countries, particularly in Latin America, to withdraw from the general trend toward more liberal international trade tariffs in order to build their own innovation capacity and infant…”