Exam 8: State of the State: Does the State Have a Role in Development?

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What is the "Beijing Consensus"?

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What does "governance" refer to?

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Explain Chalmers Johnson's argument for the success of East Asian economies.

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Explain the role of the "debt crisis" on development policy.

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What term did Albert O. Hirschman use to describe the need for investment in a cluster of related industries in order to achieve industrialization?

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Corruption is favouritism for particular groups that may be perfectly legal but inimical to social interests.

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During the 1960s, many of the World Bank's projects centred on large infrastructure projects.

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What does compradorial mean?

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"Embedded autonomy" refers to states that avoid developing any ties with foreign or domestic elites.

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Latin American states lack a strong sense of nationalism, which means their autonomy is jeopardized.

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Does the 2008 financial crisis and the COVID-19 pandemic mark a shift from neoliberalism? Explain why or why not.

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According to Keynesianism, governments play an important role in development.

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By the 1970s, stagflation and the debt crisis had made many policy makers and scholars optimistic about the state's role in development.

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Which term refers to the notion that governments require the consent of their populations to rule?

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What were colonial economies based on?

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Jean-Jacques Rousseau and John Locke both agree on the need for consent to legitimate the state.

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Discuss the concepts of state "capacity" and "autonomy" in a development context.

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Discuss the "Chilean miracle" in the context of the state and development.

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In light of the disappointing results of market reforms, which of the following does mainstream economics now consider to be a key variable for successful economic growth?

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Colonial states were tied into the commodity trade of the mercantilist system.

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