Exam 9: Development and Underdevelopment

What precipitated the Occupy Wall Street movement of 2011?

What U.S. foreign policy between the 1950s and the 1970s had a big impact on the development of Third World nations?

What was a consequence of Milton Friedman's market principles for the global south?

Which type of theorists blame Third World societies for their own lack of development?

In England, the "mercantilist" system relied on protected markets and trade monopolies within them.

Modernization theorists suggest that geography has a lot to do with lack of development regionally.

Which one of the following conditions was part of structural adjustment programs (SAPs)?

In a class discussion, Adrienne argues that the lack of development in some countries is not due to people who lack a work ethic, but rather it is the result of the power nations exploiting the people and the land in these societies. What theory of development provides the basis for Adrienne's argument?

Which nation initiated the slave trade near the mouth of the Congo River around 1500?

Since 2000, a number of Central and South American countries have elected antineoliberalist governments. How has this sentiment been reflected in their economic development plans?

Outline the basic tenets of a neoliberal approach to development.

What name is given to an economic system that relies on protected markets and trade monopolies within the market?

Tatiana lived in Mexico between 1950 and 1970. When telling her children about her experience growing up in Mexico, what would she be saying to them?

Hojohn has a sophisticated plan to build his own business. He has laid out timelines and budgets and has sourced suppliers and possible locations for his factory. While he is still in university, he is already demonstrating his ambition and desire to achieve success. According to the text, what title would be given to Hojohn?

Country X is a newly industrializing country in the era of globalization and transnational trade. Whose economic approach should government mirror in order to stimulate the economy and benefit the citizens?

Western European economies and the United States were inevitably going to be dominant-the slave trade had only minimal impact on their economies.

The idea that the Third World is underdeveloped because the countries were already backward or savages at the time of colonial contact is a socially constructed myth.

According to W.W. Rostow, an early development theorist, how do societies progress?

What is the ratio of the world's poorest 5 percent compared to the world's richest 5 percent?

Which of the following is part of the neoliberal prescription of the Washington consensus?