Exam 17: Developing Countries
Which of the following best describes modernization under imperialism in most colonial states?
A
Which of the following statements about the African National Congress (ANC)party in South Africa is accurate?
B
How did import substitution compare with export-oriented industrialization as a real-world strategy for economic development and modernization? How did the Washington Consensus propose addressing problems of both of these economic development strategies?
A good answer will describe the central components of both processes.With import substitution industrialization,states restricted imports;raised tariff and nontariff barriers to encourage demand for domestic alternatives,and subsidized certain industries to fill this demand;and relaxed patents and intellectual property rights to tap into foreign innovations.With export-oriented industrialization,states sought out technologies and developed industries that focused specifically on export,capitalizing on a product's life cycle,and ways to make similar products on the international market cheaper.A good answer will also note that both of these strategies encountered problems ultimately addressed by the Washington Consensus.ISI resulted in large industries reliant on the state for support and unable to compete in a global marketplace,and state debt grew as a result of continued state funding.EOI also led to high levels of support for certain industries and tariff barriers.Although EOI was arguably a better industrialization policy than ISI,both strategies were targeted by the Washington Consensus (structural adjustment programs)-privatize state-run firms,end subsidies,reduce tariff barriers,shrink the size of the state,and welcome foreign investment.
Describe the motivating factors that began the process of European imperialism in the 1500s.Why were European states so proficient at expanding colonial structures in the less-developed world?
Policies that require countries to privatize state-run firms,end subsidies,reduce tariff barriers,shrink the size of the state,and welcome foreign investment are sometimes known as
Which of the following is a component of import substitution,an economic strategy followed by many developing countries in the post-World War II era?
Tariff and nontariff barriers are key tools most important to which economic strategy?
Which postcolonial region currently suffers the lowest rankings on the Human Development Index?
After World War II,many countries in Asia discarded import substitution and opted for a form of economic development known as
Which of the following statements about the United Nation's Millennium Development Goals (MDG)program is accurate?
What is the role of civil society and political engagement in developing a more effective state?
A small country has applied for membership in an economic union.Before membership is granted,the ruling body of the union requires that the applicant state reduce its budget deficit to a specific percentage of GDP.This type of arrangement could be classified as
Which of the following might be a Washington Consensus policy recommendation to a less-developed country that would be opposed by a supporter of import substitution policy?
Why have less-developed countries had such difficulty in building effective states? What particular roles do ethnic and national identities contribute to this difficulty?
South Korea is among the Asian countries that pursued an export-oriented strategy known as
The borders of most current African states were drawn by colonial powers according to
In comparing the development of postcolonial countries,which of the following pairs of factors have shown strong correlation with each other?
The untaxed,unregulated,and unprotected sector of the economy is known as the economy.
Countries that are experiencing weak economic and political development are known as countries.
Policies supported by the IMF and World Bank to increase economic liberalization in less-developed countries are often referred to as the
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