Exam 18: International Trade and the Developing Countries

Utilizing material in this chapter as well as the trade theory developed in Chapters 6-8 (traditional neoclassical trade theory), develop a case that the developing countries should pursue an "outward-looking" rather than an "inward-looking" trade strategy.

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Question 21

In the following diagram, the curve 0ABC that relates the market value of LDC external Debt to the face value of the external debt is known as

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Question 22

In the diagram in Question #13 above, where curve 0ABC relates the market value of LDC external debt to the face value of the external debt, the range indicates a situation where debt relief or forgiveness for LDCs would reduce the market value of Commercial banks' holdings of LDC debt but by less than the amount of debt forgiven. In this range, any one bank.

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Question 23

In attempting to determine whether a developing country's export price instability is caused by shifts in world demand for the country's exports or by shifts in the supply curve of the country's exports (along with corresponding shifts in the supply curves of competing exporters), a general rule is that, other things equal, if the demand curve is doing the shifting, then price and quantity will move ; in addition, if the supply curve is shifting along a given demand curve, then, other things equal, price and quantity .

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Question 24

Showing 21 - 24 of 24

Utilizing material in this chapter as well as the trade theory developed in Chapters 6-8 (traditional neoclassical trade theory), develop a case that the developing countries should pursue an "outward-looking" rather than an "inward-looking" trade strategy.

In the following diagram, the curve 0ABC that relates the market value of LDC external Debt to the face value of the external debt is known as

Early Trade Theories: Mercantilism and the Transition to the Classical World of David Ricardo

The Classical World of David Ricardo and Comparative Advantage

Extensions and Tests of the Classical Model of Trade

Introduction to Neoclassical Trade Theory: Tools to Be Employed

Gains From Trade in Neoclassical Theory

Offer Curves and the Terms of Trade

The Basis for Trade: Factor Endowments and the Heckscher-Ohlin Model

Empirical Tests of the Factor Endowments Approach

Post Heckscher-Ohlin Theories of Trade and Intra-Industry Trade

Economic Growth and International Trade

International Factor Movements

The Instruments of Trade Policy

The Impact of Trade Policies

Arguments for Interventionist Trade Policies

Political Economy and Us Trade Policy

Economic Integration

The Balance-Of-Payments Accounts

The Foreign Exchange Market

International Financial Markets and Instruments: an Introduction

The Monetary and Portfolio Balance Approaches to External Balance

Price Adjustments and Balance-Of-Payments Disequilibrium

National Income and the Current Account

Economic Policy in the Open Economy Under Fixed Exchange Rates

Economic Policy in the Open Economy Under Flexible Exchange Rates

Prices and Output in the Open Economy: Aggregate Supply and Demand

Fixed or Flexible Exchange Rates

The International Monetary System: Past, Present, and Future

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