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El desarrollo económico de la América Latina y algunos de sus principales problemas = The economic development of Latin America and its principal problems
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This article is published in Research Papers in Economics.The article was published on 1949-05-14 and is currently open access. It has received 1286 citations till now. The article focuses on the topics: Latin Americans.read more
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When Grilli and Yang meet Prebisch and Singer: Piecewise linear trends in primary commodity prices
Hiroshi Yamada,Gawon Yoon +1 more
TL;DR: In this article, the authors test the Prebisch-Singer hypothesis on the secular decline of relative primary commodity prices with the extended Grilli and Yang (1988) data set, ending at 2010.
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Should we worry about the failure of the hotelling rule
TL;DR: In this paper, the authors argue that the failure of the Hotelling rule does not imply that social optimality is not achieved, and that if extraction and exploration costs or technological progress in these activities are the reasons for the failure, a market failure is not implied.
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Socialist Globalization against Capitalist Neocolonialism: The Economic Ideas behind the New International Economic Order
TL;DR: The authors examined economic globalization more closely and from the perspective of Second-and Third-World institutions, and found that the Non-Aligned Movement, the Second World, and the Third World more broadly worked hard to create a global economy in the face of active resistance by the United States and other current and former colonial powers, which sought to maintain the economic status quo of the colonial system.
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Commodity Price Volatility
TL;DR: This paper provided an overview of the fundamental drivers of recent commodity price trends and considered the role played by financial speculation in commodity price formation, concluding that speculation has not had a systematic impact on commodity price dynamics and that a series of unexpected demand shocks explains most of the variation in commodity prices over recent years.
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The long-run behavior of the relative price of primary commodities: Statistical evidence and policy implications
TL;DR: In this article, the long-run behavior of the ratio of primary commodities prices to those of manufactured goods is studied as a measure of the barter terms of trade between primary producers and the producers of manufacturers.