Exam 11: Development: Causes of the Wealth and Poverty of Nations

Which of the following is NOT a reason that the Organization of Petroleum Exporting Countries was more successful at affecting the price of oil than other commodity cartels?

How and why have the economic effects of colonization differed between North America and Latin America?

How did government policies benefit the urban elite in sub-Saharan Africa?

Why would some domestic interests oppose policies that foster economic development in their own country?

Which countries are members of the Group of 77?

Which of these cases is an example of worsening terms of trade for a less developed country?

Which of the following is NOT a way that the international economic institutions are biased against poor countries?

How does democracy affect the likelihood that necessary public goods will be provided?

What might have helped economic development in South Korea and Taiwan?

What is the relationship between democracy and development in South and North America?

What explains the different patterns of economic development for Zambia and South Korea?

Which of the following illustrates when a government would have trouble creating a favorable environment for economic growth?

Why did less developed countries adopt import substituting industrialization (ISI)? What problems developed because of ISI policies?

How do the interests of rich and poor countries converge and conflict?

Why is Zambia an example of failed potential for economic development?

Which of the following is NOT an example of infrastructure?

Why were OPEC members more successful at creating international change than the wider group of less developed countries? Consider collective action problems in your response.

How did the economic policies of poor countries change after 1914?

Why did Argentine economist Raúl Prebisch think trade worked against the interests of less developed countries (LDCs)?

What group of actors advocated for a New International Economic Order?