Question 1

Neoliberalism underpinned the globalization project by ______.

Accepted Answer

A)  allowing the global minority with purchasing power to capture resources in the "free market" 
B)  dividing countries based on their belief system 
C)  providing farmers in the Third World with more education 
D)  creating government plans that interfered with poverty intervention 
A)  allowing the global minority with purchasing power to capture resources in the "free market" 
B)  dividing countries based on their belief system 
C)  providing farmers in the Third World with more education 
D)  creating government plans that interfered with poverty intervention A

Question 2

Briefly discuss the origin of debt crises in the Third World.

Accepted Answer

Varies. Students can focus on the following 4 processes. Disbursement of low interest loans by transnational banks to Third World governments. The OPEC crises and increase in oil prices. Weakening of the U.S. dollar and inflationary pressures arising from change in U.S. government policies to control inflation, specifically rise in interest rates. Increases in debt servicing because of rise in interest rates increased loan default by many Third World countries.

Question 3

What has the IMF "prescribed" for the last two decades as "medicine" to third world issues?

Accepted Answer

A)  monetary austerity, privatization, financial fiscal austerity 
B)  free trade, fiscal austerity, monetary austerity, EPZs 
C)  privatization, structural adjustment policies, EPZs, decrease commodity prices 
D)  structural adjustment policies, including trade and financial liberalization 
A)  monetary austerity, privatization, financial fiscal austerity 
B)  free trade, fiscal austerity, monetary austerity, EPZs 
C)  privatization, structural adjustment policies, EPZs, decrease commodity prices 
D)  structural adjustment policies, including trade and financial liberalization D

Question 4

Information technology is integral to the operation of the world factory in all these ways EXCEPT for ______.

Accepted Answer

A)  allowing coordination of production activities 
B)  circulating production blueprints among subsidiaries 
C)  facilitating social media activities within industries 
D)  globalizing production of goods and services 
A)  allowing coordination of production activities 
B)  circulating production blueprints among subsidiaries 
C)  facilitating social media activities within industries 
D)  globalizing production of goods and services

Question 5

The original purpose of creating export processing zones was to ______.

Accepted Answer

A)  help Third World business owners 
B)  manufacture products in low-wage zones 
C)  give five-year tax-break for companies 
D)  promote trade with developing nations 
A)  help Third World business owners 
B)  manufacture products in low-wage zones 
C)  give five-year tax-break for companies 
D)  promote trade with developing nations

Question 6

For First World firms, export-oriented industrialization became a means of ______

Accepted Answer

A)  exporting raw materials into Third World 
B)  relocating manufacturing of goods and machinery into the Third World 
C)  consolidating their influence over global industrialization 
D)  ensuring progress of the development project 
A)  exporting raw materials into Third World 
B)  relocating manufacturing of goods and machinery into the Third World 
C)  consolidating their influence over global industrialization 
D)  ensuring progress of the development project

Question 7

How were Third World Countries' debt traps also a double bind?

Accepted Answer

A)  To pay off debt, they had to decrease imports and increase exports 
B)  Reducing imports of technology jeopardized growth 
C)  More debt would decrease interest rates 
D)  Expanding exports was difficult because commodity prices were low 
A)  To pay off debt, they had to decrease imports and increase exports 
B)  Reducing imports of technology jeopardized growth 
C)  More debt would decrease interest rates 
D)  Expanding exports was difficult because commodity prices were low

Question 8

Which of the following is NOT an effect of structural adjustment programs?

Accepted Answer

A)  Lower standard of living for poor nations 
B)  Increased exporting of raw materials 
C)  Increased value of labor 
D)  Decreased consumption in poor countries 
A)  Lower standard of living for poor nations 
B)  Increased exporting of raw materials 
C)  Increased value of labor 
D)  Decreased consumption in poor countries

Question 9

In the 1990s, economist Jeffrey Sachs observed a "trusteeship" of nearly 75 developing country governments who seldom moved without consulting the IMF staff.

Accepted Answer

A) True 
 B)False

Question 10

World factories are different from traditional track of exporting processed resources because ______.

Accepted Answer

A)  goods are manufactured and produced for the world 
B)  their products have no "made in" tag 
C)  their products contain parts from every part of the world 
D)  production steps are located in geographically dispersed assembly lines 
A)  goods are manufactured and produced for the world 
B)  their products have no "made in" tag 
C)  their products contain parts from every part of the world 
D)  production steps are located in geographically dispersed assembly lines

Question 11

Which of these regions adopted export-oriented industrialization models?

Accepted Answer

A)  Latin America 
B)  Asia 
C)  Africa 
D)  Eastern Europe 
A)  Latin America 
B)  Asia 
C)  Africa 
D)  Eastern Europe

Question 12

For Third World nations, export-oriented industrialization resulted in ______.

Accepted Answer

A)  access to cheap labor 
B)  more control over the fate of Third World countries 
C)  access to foreign exchange for purchase of First World technologies 
D)  arrival of the global consumer 
A)  access to cheap labor 
B)  more control over the fate of Third World countries 
C)  access to foreign exchange for purchase of First World technologies 
D)  arrival of the global consumer

Question 13

All of the following are examples of new agricultural countries, except ______.

Accepted Answer

A)  Cuba 
B)  Brazil 
C)  Mexico 
D)  Argentina 
A)  Cuba 
B)  Brazil 
C)  Mexico 
D)  Argentina

Question 14

Relocation of manufacturing to Third World countries is driven by many factors, including ______.

Accepted Answer

A)  stringent environmental regulations in First World 
B)  tax concessions from Third World countries 
C)  cheap labor in Third World countries 
D)  voting decisions of First World countries 
A)  stringent environmental regulations in First World 
B)  tax concessions from Third World countries 
C)  cheap labor in Third World countries 
D)  voting decisions of First World countries

Question 15

In the mid-1980s, the price of cornmeal, a staple in Zambia, rose 120 percent because of the IMF/World Bank adjustment policies in Africa, causing urban demonstrations and riots.

Accepted Answer

A) True 
 B)False

Question 16

The Washington Consensus is a set of neoliberal economic policies (trade and financial
liberalization, privatization, and macro-stability of the world economy) uniting multilateral institutions, representatives of the U.S. state, and associated G-7 countries that enable corporate globalization.

Accepted Answer

A) True 
 B)False

Question 17

The debt crises in the Third World are traced to one of these developments. Which is it?

Accepted Answer

A)  1970 US presidential election 
B)  collapse of the Soviet Union 
C)  repatriation of profits from TNBs 
D)  spikes in oil prices engineered by OPEC 
A)  1970 US presidential election 
B)  collapse of the Soviet Union 
C)  repatriation of profits from TNBs 
D)  spikes in oil prices engineered by OPEC

Question 18

The purpose of the Border Industrialization Program (BIP) was to ______.

Accepted Answer

A)  extend US borders for industrialization purposes 
B)  allow foreign-owned companies to establish labor-intensive assembly plants on Mexican border 
C)  allow exchange of industrial parts along the Mexican border 
D)  extend tax concessions to Mexican industrialists 
A)  extend US borders for industrialization purposes 
B)  allow foreign-owned companies to establish labor-intensive assembly plants on Mexican border 
C)  allow exchange of industrial parts along the Mexican border 
D)  extend tax concessions to Mexican industrialists

Question 19

______ are officials of the international financial institutions of the IMF and the World Bank, G7 political elites, executives of TNCs, and global bankers.

Accepted Answer

A)  Licensed financial institution experts 
B)  World finance specialists 
C)  Global managers 
D)  Certified public accountants 
A)  Licensed financial institution experts 
B)  World finance specialists 
C)  Global managers 
D)  Certified public accountants

Question 20

Explain how privatization of state enterprises began and has impacted Third World countries.

Accepted Answer

The answer of Explain how privatization of state enterprises began...

Neoliberalism underpinned the globalization project by ______.

Briefly discuss the origin of debt crises in the Third World.

What has the IMF "prescribed" for the last two decades as "medicine" to third world issues?

Information technology is integral to the operation of the world factory in all these ways EXCEPT for ______.

The original purpose of creating export processing zones was to ______.

For First World firms, export-oriented industrialization became a means of ______

How were Third World Countries' debt traps also a double bind?

Which of the following is NOT an effect of structural adjustment programs?

In the 1990s, economist Jeffrey Sachs observed a "trusteeship" of nearly 75 developing country governments who seldom moved without consulting the IMF staff.

World factories are different from traditional track of exporting processed resources because ______.

Which of these regions adopted export-oriented industrialization models?

For Third World nations, export-oriented industrialization resulted in ______.

All of the following are examples of new agricultural countries, except ______.

Relocation of manufacturing to Third World countries is driven by many factors, including ______.

In the mid-1980s, the price of cornmeal, a staple in Zambia, rose 120 percent because of the IMF/World Bank adjustment policies in Africa, causing urban demonstrations and riots.

The Washington Consensus is a set of neoliberal economic policies (trade and financial liberalization, privatization, and macro-stability of the world economy) uniting multilateral institutions, representatives of the U.S. state, and associated G-7 countries that enable corporate globalization.

The debt crises in the Third World are traced to one of these developments. Which is it?

The purpose of the Border Industrialization Program (BIP) was to ______.

______ are officials of the international financial institutions of the IMF and the World Bank, G7 political elites, executives of TNCs, and global bankers.

Explain how privatization of state enterprises began and has impacted Third World countries.

Development

Instituting the Development, Project: Colonialism, Anticolonial Struggles, and Decolonization

The Development Project an International Framework in Global Context

The Globalization Project: Processes, Experiences, and Implications

Global Countermovements

The Globalization Project in Crisis

Development Climate, or the Nature of Development

Public and Local Green Initiatives

Towards Sustainable Development

Filters

Exam 4: Instituting the Globalization Project

Neoliberalism underpinned the globalization project by ______.

Briefly discuss the origin of debt crises in the Third World.

What has the IMF "prescribed" for the last two decades as "medicine" to third world issues?

Information technology is integral to the operation of the world factory in all these ways EXCEPT for ______.

The original purpose of creating export processing zones was to ______.

For First World firms, export-oriented industrialization became a means of ______

How were Third World Countries' debt traps also a double bind?

Which of the following is NOT an effect of structural adjustment programs?

In the 1990s, economist Jeffrey Sachs observed a "trusteeship" of nearly 75 developing country governments who seldom moved without consulting the IMF staff.

World factories are different from traditional track of exporting processed resources because ______.

Which of these regions adopted export-oriented industrialization models?

For Third World nations, export-oriented industrialization resulted in ______.

All of the following are examples of new agricultural countries, except ______.

Relocation of manufacturing to Third World countries is driven by many factors, including ______.

In the mid-1980s, the price of cornmeal, a staple in Zambia, rose 120 percent because of the IMF/World Bank adjustment policies in Africa, causing urban demonstrations and riots.

The Washington Consensus is a set of neoliberal economic policies (trade and financial liberalization, privatization, and macro-stability of the world economy) uniting multilateral institutions, representatives of the U.S. state, and associated G-7 countries that enable corporate globalization.

The debt crises in the Third World are traced to one of these developments. Which is it?

The purpose of the Border Industrialization Program (BIP) was to ______.

______ are officials of the international financial institutions of the IMF and the World Bank, G7 political elites, executives of TNCs, and global bankers.

Explain how privatization of state enterprises began and has impacted Third World countries.

Development

Instituting the Development, Project: Colonialism, Anticolonial Struggles, and Decolonization

The Development Project an International Framework in Global Context

The Globalization Project: Processes, Experiences, and Implications

Global Countermovements

The Globalization Project in Crisis

Development Climate, or the Nature of Development

Public and Local Green Initiatives

Towards Sustainable Development

Filters