1. The Third World: Invention of the Cold War
... social structure, had dragged their economy far behind the Western societies. Critics of the global economy started gaining proponents in the 1950s in Latin America, and later the entire South sphere. The Argentine economist, appointed director of the Economic Commission for Latin America (ECLAC) Raul Prebisch, inspired by German-British economist Sir Hans Wolfgang Singer, formed his theory about long term trend and effect ... of trades between industrialized and underdeveloped countries. He insisted that price of primary commodities will continue decline with respect to manufacture...
- Word Count: 2819
- Approx Pages: 11
- Has Bibliography
- Grade Level: Undergraduate