Prebisch, Raul D.

Updated: Aug 20, 2021

Economic adviser to Argentina and U.N. Economic Commission for Latin America and Secretary-General of the United Nations Conference on Trade and Development at Geneva in 1964. At this conference he argued that there is a permanent tendency for the terms of trade to shift against agricultural products, and that it was in the interests of the developing countries to industrialize behind protective tariffs. He also made proposals for improving the export incomes of primary producers, for increased aid and for an expansion in trade in exports of manufactured goods from the developing countries.

Reference: The Penguin Dictionary of Economics, 3rd edt.

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