Exam 12: The Problem of Global Inequality

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What is the development strategy that advocates open societies, free trade, and minimal interference by the state in the economy known as?

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C

What is the economic effect whereby an increase in spending (for example, of funds provided to a country by a donor)produces an increase in national income and consumption greater than the initial amount spent called?

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B

Citing the success of the Asian Tigers as evidence, what do liberals argue is the best approach to development?

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D

An important and controversial practice of the World Bank is establishing an agreement so that the borrowing country must agree to a set of requirements. What is this practice is known as?

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Three of the following are advantages generally enjoyed by "first movers." Which one is not?

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What do you get when you divide the overall annual income of a country by its population?

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Where was export-led growth dominant during the second half of the twentieth century?

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The Gender Development Index, published by the United Nations Development Programme, measures the economic equality of men and women. Which of the following countries is considered as low-ranking on this index?

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What does the Gini Coefficient refer to?

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Discuss the benefits and risks with foreign aid. In what way does foreign aid help a country to develop and in what way does it hinder its development?

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Which of the following countries has the least inequality, according to Gini coefficient data?

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Although state planning increased production, the failure of state socialism resulted from which of the following?

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In which ways have scholars sought to measure poverty? What are some difficulties in defining and measuring poverty? Which measure do you find most persuasive?

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Which socialist state has been quite cautious in loosening state control of its economy?

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Which of the following institutions are part of the World Bank structure?

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What does the International Bank for Reconstruction and Development (IBRD)focus on?

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Economic structuralists argue that Europe's economic success was due to which of the following?

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Interdependence and globalization have demonstrated that poverty in other countries can do which of the following?

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Jeffrey Sachs favors an approach called "clinical economics". In other words, what does he suggest is the best approach to ending poverty?

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Defining poverty as having a comparatively low income refers to poverty in what kind of terms?

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