>Well, let's compare the following. The first is from Milberg's piece,
>the second from Singer's entry: 'Terms of Trade and Economic
>Development', pp. 323-8 in John Eatwell et al.
>The New Pal~rave: Economic Development. New York: W.W. Norton, 1989.
>
Huh. You're right, I was missing something. I'll have to give Milberg's paper a closer look, especially his (and your) references to empirical studies on the terms of trade.
Seth