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7. Discuss the reasons behind the export pessimism of the dependency writers. Outline what
are a countrys barter terms-of-trade and what may be the factors affecting their decline or
increase, referring to the ideas of Raul Prebisch. Note which periods of economic history were
the most problematic for Latin American terms-of-trade. Finally, discuss two other forms of
dependency or international economic factors possibly hurting Latin America.

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