Exam 12: The Problem of Global Inequality

What are Korea, Taiwan, Singapore, and Hong Kong, countries that pursued a trade-oriented policy, known as?

Paul Collier looked at the countries with the largest shares of the very poorest people and tried to ascertain what these countries had in common that set them apart from those that had done better. He found that these countries fell into one of four "traps". Which of the following is not one of the "traps" that Collier discusses in The Bottom Billion ?

In terms of its early economic development, the United States had at least two advantages that other countries could not easily match. One of these was an enormous amount of cheap capital in the form of land that was taken from Native Americans. What was the other?

Where was import substitution dominant during the second half of the twentieth century?

What are the UN Millennium Development Goals? Have these goals been achieved? If not, why not and do you think they can be?

The condition where a country that enters a new industry first benefits is known as which of the following?

A more recent development strategy is called structural adjustment. What does structural adjustment refer to?

Critically compare the three dominant strategies of economic development: import substitution, export-led growth, and state socialism. What are the strengths and weaknesses of each strategy?

By the 1980s, donor countries and organizations had reached an understanding on a development strategy that was based on the values of open economies and free trade. What was this strategy known as?

What does the concept of good governance refer to?

Why should rich countries be concerned about poverty in other countries?

Compare and contrast multilateral aid and bilateral aid. What are their main differences and what are their similarities? Which type of aid do you think is more effective in spurring development?

Which of the following is not an important function of the World Bank?

Self-interest is an important motive for countries who express concern that poverty may be linked to a rise in which of the following?

Which approach does the recent success of China give credence to?

Which of the following statements is false?

After the Asian financial crisis of 1997-1998, East Asian economies were criticized for having close connections between firms and the government, which were corrupt in some cases. What was the term used to refer to this corruption?

What was the alternative strategy for development that emerged with the establishment of the Soviet Union in 1917 and which spread after World War II to eastern Europe, China, and Cuba called?

The definition of poverty by the UN Commission on Human Rights stating that it is "a human condition characterized by the sustained or chronic deprivation of the resources, capabilities, choices, security, and power necessary for the enjoyment of an adequate standard of living and other civil, cultural, economic, political, and social rights," considers poverty in terms of which of the following?

In recent decades, three main development strategies have been dominant. Which of the following is not one of these strategies?