Exam 12: The Problem of Global Inequality

The alternative strategy for development that emerged with the establishment of the Soviet Union in 1917 and spread after World War II to eastern Europe, China, and Cuba was called

In terms of its early economic development, the United States had at least two advantages that other countries could not easily match. One of these was an enormous amount of cheap capital in the form of land that was taken from Native Americans. What was the other?

Who wrote the "Report on Manufactures," referred to in text as advocating protectionism against imports as a means to development?

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

In much of the post-World War II period, development aid focused on all of the following, except

In recent decades, three main development strategies have been dominant. Which of the following is not one of these strategies?

The measure of poverty that includes life expectancy, literacy rates, and years of schooling is known as the

After the Asian financial crisis of 1997-1998, East Asian economics were exposed for corrupt close connections. The term coined by this corruption was

An important problem in Russia during the post-communist phase has been the

Discuss the benefits and risks with foreign aid. In what way does foreign aid help a country to develop and in what way does it hinder its development?

Interdependence and globalization have demonstrated that poverty in other countries can