[OPE-L] Unequal Exchange "without recourse to the notion of 'value'"?

From: Jurriaan Bendien (adsl675281@TISCALI.NL)
Date: Tue Jan 16 2007 - 06:18:16 EST 

I think the notion of unequal exchange does not require reference to the LTV
at all, since the whole UE argument can be stated in terms of prices.

The original Singer-Prebisch thesis concerned the deteriorating terms of
trade for the exports of primary products, i.e. an increasing amount of
primary products had to be produced and exported, to obtain the same amount
of imported manufactured goods, suggesting the need for a diversification of
production in the affected economies from primary production to "value
adding" activities.

However, the LTV might help to explain why the disparity in price movements
occurred.

Jurriaan

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