Question 1

A developing country in debt to the World Bank was offered financial assistance to alleviate the economic crisis if it would abide by certain conditions. The conditions were privatizing state-controlled services, importing goods from developed countries, and ending tariffs protecting local businesses. Which kind of economic theorizing supports this approach to development?

Accepted Answer

A)   Marxist
B)   neoliberal
C)   postmodernist
D)   Keynesian

Question 2

What mechanism of commerce and exchange existed between the metropolitan powers and the global south?

Accepted Answer

A)   the exchanging of trade missions to work out their business ties
B)   the exchanging of diplomats to establish trade agreements/treaties
C)   the extraction of surplus from the global south with unfavourable terms of trade
D)   the investment of capital into failing economies, which bolstered trade and aided the global south

Question 3

What are structural adjustment programs? Are they beneficial and necessary or are they the cause of social disorder and misery? Substantiate your position with examples.

Accepted Answer

Structural adjustment programs (SAPs) ar...

Question 4

Which of the following statements reflects Lester Brown's comments on China's development?

Accepted Answer

A)   Chinese citizens are frustrated by the slow rate of change.
B)   China is on the verge of a massive ecological meltdown.
C)   China is now the world's number one manufacturing economy.
D)   China is now the leading financial power in the world economy.

Question 5

List the early historical factors that drastically impeded the global south's ability to develop in the modern era.

Accepted Answer

Colonizati...

Question 6

Compare and contrast two of the theories of development outlined in the text. Identify the strategies you think might work and explain why others would not work.

Accepted Answer

Two of the theories of development outli...

Question 7

Amy's grandparents experienced the Great Depression of the 1930s and share with her the challenges they endured at a time when the unemployment rate was 30 percent. Therefore, it is no surprise that they believe which approach to be the best for the economic development of a country?

Accepted Answer

A)   private market solutions
B)   neoliberal policies
C)   trade deregulation
D)   government intervention in the market

Question 8

According to the text, how many Africans and their descendants worked on plantations in the Caribbean and the United States by the early nineteenth century?

Accepted Answer

A)   700,000
B)   4 million
C)   8 million
D)   12 million

Question 9

Which of the following organizations would support the neoliberal perspective on development?

Accepted Answer

A)   the IMF and the World Bank
B)   disaster relief organizations
C)   micro-credit organizations
D)   fair-trade organizations

Question 10

When significant numbers of young people in India give up on their traditional beliefs and practices and embrace Western values, which development theorists would conclude that the country is moving in the right direction?

Accepted Answer

A)   modernization theorists
B)   pro-capitalist theorists
C)   neodevelopment theorists
D)   boot-strap theorists

Question 11

What is popular resistance? Will it succeed?

Accepted Answer

Popular resistance refers to the collect...

Question 12

The "Asian Tigers" (South Korea, Taiwan, Hong Kong, and Singapore)  have experienced rapid growth and industrialization in recent decades. Which of the following explains their successful development?

Accepted Answer

A)   They followed neoliberal policies.
B)   They established large export-processing zones.
C)   They had strict, state-led, economic regulation of capitalism.
D)   They were not all that different from Western industrialized countries.

Question 13

According to the text, which of the following outcomes has resulted by the application of dependency theory to explain underdevelopment in the Third World?

Accepted Answer

A)   It has been found that underdevelopment has contributed to more dependency.
B)   Underdevelopment has not been confirmed.
C)   It has been found that underdevelopment has contributed to less dependency.
D)   Underdevelopment has been largely confirmed.

Question 14

Which of the following economists could be identified as a person opposed to Keynesian economic ideals?

Accepted Answer

A)   Ben Bernanke
B)   Jared Diamond
C)   Karl Marx
D)   Milton Friedman

Question 15

You watch an economist being interviewed: she speaks passionately against government regulation of business and financial institutions, saying, "The markets will correct themselves." What type of economist would this person be?

Accepted Answer

A)   neoliberal
B)   Marxist
C)   Keynesian
D)   structural

Question 16

Which of the following is a reflection of the globalist Washington consensus?

Accepted Answer

A)   a commitment to human rights
B)   a commitment to income redistribution
C)   a neoliberal prescription for every country
D)   a subsidization of public enterprises

Question 17

In which time spans did inequality between the rich and the poor decrease, and which policies had an impact on these changes?

Accepted Answer

A)   in the 1990s-2000s; Keynesian policies
B)   in the 1970s-1980s; neoliberal policies
C)   in the 1930s-1960s; Keynesian policies
D)   in the 1930s-1960s; neoliberal policies

Question 18

Dependency theory shows how European colonizing powers blocked the emergence of industrial capitalism in the global south.

Accepted Answer

A) True 
 B)False

Question 19

According to the text's use of the concept, what is neoliberalism?

Accepted Answer

A)   It means to have an abundance of goods and services.
B)   It is a definition of capitalism operating without any government rules.
C)   It is about the open attitudes of citizens to new ideas.
D)   It is about openness, tolerance, and inclusiveness of all people as equals.

Question 20

According to the text, what has the term development come to mean in the period after World War II?

Accepted Answer

A)   It means economic growth, industrialization, and modernization in the poor parts of the world.
B)   It means protectionist policies that resist competitive forces from outside the country.
C)   It means consolidation of land for indigenous farming and local food-based economies.
D)   It means the application of Keynesian policies to providing government regulation of the economy.

Exam 9: Development and Underdevelopment

The "Asian Tigers" (South Korea, Taiwan, Hong Kong, and Singapore) have experienced rapid growth and industrialization in recent decades. Which of the following explains their successful development?

Correct Answer
verified

When significant numbers of young people in India give up on their traditional beliefs and practices and embrace Western values, which development theorists would conclude that the country is moving in the right direction?

Correct Answer
verified

Compare and contrast two of the theories of development outlined in the text. Identify the strategies you think might work and explain why others would not work.

Correct Answer
Answered by ExamLex AI
Two of the theories of development outli...
View Answer

Correct Answer
verified

Which of the following organizations would support the neoliberal perspective on development?

Correct Answer
verified

What is popular resistance? Will it succeed?

Correct Answer
Answered by ExamLex AI
Popular resistance refers to the collect...
View Answer

In which time spans did inequality between the rich and the poor decrease, and which policies had an impact on these changes?

Correct Answer
verified

Which of the following statements reflects Lester Brown's comments on China's development?

Correct Answer
verified

According to the text's use of the concept, what is neoliberalism?

Correct Answer
verified

Which of the following economists could be identified as a person opposed to Keynesian economic ideals?

Correct Answer
verified

Amy's grandparents experienced the Great Depression of the 1930s and share with her the challenges they endured at a time when the unemployment rate was 30 percent. Therefore, it is no surprise that they believe which approach to be the best for the economic development of a country?

Correct Answer
verified

Dependency theory shows how European colonizing powers blocked the emergence of industrial capitalism in the global south.

Correct Answer
verified

According to the text, how many Africans and their descendants worked on plantations in the Caribbean and the United States by the early nineteenth century?

Correct Answer
verified

List the early historical factors that drastically impeded the global south's ability to develop in the modern era.

Correct Answer
verified
Colonizati...
View Answer

You watch an economist being interviewed: she speaks passionately against government regulation of business and financial institutions, saying, "The markets will correct themselves." What type of economist would this person be?

Correct Answer
verified

What mechanism of commerce and exchange existed between the metropolitan powers and the global south?

Correct Answer
verified

What are structural adjustment programs? Are they beneficial and necessary or are they the cause of social disorder and misery? Substantiate your position with examples.

Correct Answer
Answered by ExamLex AI
Structural adjustment programs (SAPs) ar...
View Answer

According to the text, which of the following outcomes has resulted by the application of dependency theory to explain underdevelopment in the Third World?

Correct Answer
verified

Which of the following is a reflection of the globalist Washington consensus?

Correct Answer
verified

According to the text, what has the term development come to mean in the period after World War II?

Correct Answer
verified

Exam 9: Development and Underdevelopment

The "Asian Tigers" (South Korea, Taiwan, Hong Kong, and Singapore) have experienced rapid growth and industrialization in recent decades. Which of the following explains their successful development?

Correct AnswerverifiedShow Answer

When significant numbers of young people in India give up on their traditional beliefs and practices and embrace Western values, which development theorists would conclude that the country is moving in the right direction?

Correct AnswerverifiedShow Answer

Compare and contrast two of the theories of development outlined in the text. Identify the strategies you think might work and explain why others would not work.

Correct AnswerAnswered by ExamLex AITwo of the theories of development outli...View AnswerShow Answer

Correct AnswerverifiedShow Answer

Which of the following organizations would support the neoliberal perspective on development?

Correct AnswerverifiedShow Answer

What is popular resistance? Will it succeed?

Correct AnswerAnswered by ExamLex AIPopular resistance refers to the collect...View AnswerShow Answer

In which time spans did inequality between the rich and the poor decrease, and which policies had an impact on these changes?

Correct AnswerverifiedShow Answer

Which of the following statements reflects Lester Brown's comments on China's development?

Correct AnswerverifiedShow Answer

According to the text's use of the concept, what is neoliberalism?

Correct AnswerverifiedShow Answer

Which of the following economists could be identified as a person opposed to Keynesian economic ideals?

Correct AnswerverifiedShow Answer

Amy's grandparents experienced the Great Depression of the 1930s and share with her the challenges they endured at a time when the unemployment rate was 30 percent. Therefore, it is no surprise that they believe which approach to be the best for the economic development of a country?

Correct AnswerverifiedShow Answer

Dependency theory shows how European colonizing powers blocked the emergence of industrial capitalism in the global south.

Correct AnswerverifiedShow Answer

According to the text, how many Africans and their descendants worked on plantations in the Caribbean and the United States by the early nineteenth century?

Correct AnswerverifiedShow Answer

List the early historical factors that drastically impeded the global south's ability to develop in the modern era.

Correct AnswerverifiedColonizati...View AnswerShow Answer

You watch an economist being interviewed: she speaks passionately against government regulation of business and financial institutions, saying, "The markets will correct themselves." What type of economist would this person be?

Correct AnswerverifiedShow Answer

What mechanism of commerce and exchange existed between the metropolitan powers and the global south?

Correct AnswerverifiedShow Answer

What are structural adjustment programs? Are they beneficial and necessary or are they the cause of social disorder and misery? Substantiate your position with examples.

Correct AnswerAnswered by ExamLex AIStructural adjustment programs (SAPs) ar...View AnswerShow Answer

According to the text, which of the following outcomes has resulted by the application of dependency theory to explain underdevelopment in the Third World?

Correct AnswerverifiedShow Answer

Which of the following is a reflection of the globalist Washington consensus?

Correct AnswerverifiedShow Answer

According to the text, what has the term development come to mean in the period after World War II?

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
Answered by ExamLex AI
Two of the theories of development outli...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
Answered by ExamLex AI
Popular resistance refers to the collect...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Colonizati...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
Answered by ExamLex AI
Structural adjustment programs (SAPs) ar...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified