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

According to Argentine economist Raúl Prebisch,________ countries are likely to benefit from the long-term trajectory of the terms of trade in the international economy.

Which of the following policies is consistent with export-oriented industrialization?

Why do rich countries sometimes promote policies that hurt less developed countries?

Why are secure property rights important for economic development?

How did colonialism benefit the colonies?

The majority of the world's population lives in:

Which of the following is NOT consistent with the Washington Consensus?

Describe export-oriented industrialization (EOI)and explain the effect of EOI policies.

Is increased aid from developed countries likely to change the current state of the international system in regard to lesser developed countries? Why or why not?

Which of the following would NOT be a result of following ISI policies?

All of the following are primary goods EXCEPT:

What was one of the primary differences between North and South America that helped determine the difference in development?

We refer to a situation in which a few large firms can effectively control their industry as a(n):

What is the Washington Consensus?

What is import substituting industrialization (ISI)?

We refer to countries that have lower levels of economic development as:

What is an "encompassing coalition" in regard to overcoming collective action problems?

Which of the following would be a policy consistent with ISI?

How likely is it that foreign aid will solve the problems of development for poor countries?

Why did African countries have policies that benefited the urban elite?