Exam 12: The Problem of Global Inequality

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Who wrote the "Report on Manufactures," which advocated for protectionism against imports as a means to development?

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Many developing countries are known as late developers. What does this term imply for the developing world? What are the challenges that they face?

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What problem do late developers confront with economies of scale?

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Which concept refers to the relative prices of goods a country imports and exports?

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How do network effects benefit established businesses?

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What was the central problem in Russia during its post-communist phase?

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Although the price of oil and some commodities has increased in recent years, the price of most raw materials has declined. For countries that primarily produce raw materials, this development has led to which of the following?

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Which of the following international governmental organizations has played a leading role in defining the "best practices" in development aid?

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Which of the following is a conclusion that can be reached by looking at the results of the Gender Development Index?

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Which measure of poverty includes life expectancy, literacy rates, and years of schooling?

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Which statistic, in measuring poverty and/or inequality, is most widely used because it is among the easiest to determine?

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