Abstract
From 2003 through 2008 South America's terms of trade moved strongly in favour of raw materials, and commodity prices remained very high through early 2010, potentially challenging the Prebisch-Singer hypothesis. Three possible results of the boom are analyzed: (1) a staples- or mineral-led development strategy creating linkages to overcome the enclave effects of agro-mineral export structures; (2) a transition strategy wherein ground rents form the basis for expanding national innovation systems enabling Latin America to move beyond raw material/cheap labour export dependence; (3) a return to the nineteenth-century pattern of resource and export dependence where an agro-mineral rentier/oligopolistic elite dominates production.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: Canadian Journal of Development Studies / Revue canadienne d'études du développement
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
