Exam 9: Development and Underdevelopment

Which countries would neoliberals use as proof that their principles for development work?

Canada was initially a collection of colonial colonies until it achieved its independence in 1867. How did Canada become a prosperous country in spite of its colonial past?

According to the text, why is development an important issue for many Canadians?

The assumption of neoliberalists is that demand for labour, capital, and commodities will equal supply if there is no interference.

A factory in Country X purchases raw materials from Country Y to make its product. Profits will be reinvested in the factory, increasing production and profits in Country X. Country Y will never make enough profits from the sale of materials to build its own factory. What theory could be used to explain the relationship that has developed between countries X and Y?

Which of the following would be an example of the costs associated with neoliberal expansion in the developing world?

Although more people in India might have higher incomes as a consequence of neoliberalism, which aspects of living are not captured by economic indicators of well-being?

Modernization theory suggests that in the 1500s societies of the global south were undeveloped. Which of the following can be said about this belief?

According to Andre Gunder Frank, what effect did the development of capitalism have on the global south?

What long-term effect did slavery have on the economies of the European countries and the United States?

Discuss the success of emerging economies and how and why the measures taken there have helped fuel growth in these countries.

According to modernization theorists, why are Third World countries economically disadvantaged?

What consequence did the countries in the global south experience as a result of international lending agencies imposing SAPs?

Samir always struggled to make enough money for his family to live on and was aware of wealth differences, especially when he compared himself to Evelyn, the owner of the factory where he worked. However, in the 1970s, he became aware that the gap between himself and Evelyn was growing. In addition to transnational corporations and technological advancements, what factor added to the widening income gap?

As world income increased by an average of 2.5 percent annually, what corresponding change accompanied this increase?