Exam 12: The Problem of Global Inequality

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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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The concept of good governance refers to

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What are some difficulties in defining and measuring poverty?

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The development concept that pushes for the state to accumulate capital, direct investment, and provide legal, administrative, and educational infrastructure is called

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Theorists in the __________ school of thought tend to argue that inequality was produced by colonialism and will persist unless specific steps are taken.

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Rich countries should be concerned about poverty in other countries in part because

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What problem do late developers confront with economies of scale?

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The United States was willing to tolerate significant trade deficits with which of the following countries during the Cold War, due to the strategic importance of this country?

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__________ refers to the condition when a country is provided a benefit as it enters a new industry first.

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

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Which are NOT measures of inequality and poverty mentioned in the text?

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