Exam 13: Development and Underdevelopment

What is the difference between import-oriented industrialization and export-oriented industrialization? Which development strategy is better? Explain and provide examples.

In 2009,low- and middle-income countries accounted for _______ of world exports of manufactured goods.

World system theorists argue that when countries of the periphery became politically sovereign,or independent,in the nineteenth and twentieth centuries,their ruling elites

Some critics suggest that many Western theories of economic and political development failed to anticipate the economic stagnation and political repression in much of the developing world,because a crucial flaw in Western theory was that it focuses

What is international court of justice and can it ease the North-South gap? Provide examples

One main reason why the gap between the rich and poor is a gap between North and South is

In making loans to highly indebted countries,the International Monetary Fund typically insists on

For which of the following commodities has a successful cartel been established?

In international negotiations,LDCs have consistently sought to restructure tariff schedules so that they could

Comparing countries and regions in terms of their levels of development is a difficult exercise because

A possible strategy for economic development aimed at raising the living standards of the poorest parts of the population such as providing subsidized rice,health care,education,and transportation is often called the

The economic prerequisites argument emphasizes

Almost ____ percent of the global population live in low-income countries.

Comparing countries and regions in terms of their levels of development is a(n)________ exercise.

Some gaps between North and the South countries continue to widen-especially differences in

At the end of 2011,the foreign debt of all developing and emerging market economies was more than $______trillion.

A theory that suggests that urbanization,secularization,and cultural tolerance that encourage an entrepreneurial spirit are the product of the dismissal of traditional practices is known as

The relationship between economic development and democracy is

____ percent of people on the earth live in high-income countries.

Export-oriented industrialized (EOI)countries often experienced __________ inward-oriented LDCs.