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

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Which of the following would be a desired result of ISI?

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Why do most industrialized countries subsidize and protect their farmers?

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Explain Raúl Prebisch's theory about the terms of trade for less developed countries and their effect on the development policies implemented by poor countries.

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Which of the following is an example of an oligopoly?

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Why did colonialism hamper the development of less developed countries?

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Which of the following would be consistent with the demands of the New International Economic Order?

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Which of the following has NOT adopted export-oriented industrialization?

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Which of the following illustrates the conflict between rich and poor countries' interests?

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Why are governments sometimes unable or unwilling to implement policies that create favorable conditions for economic growth?

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When do domestic interests impede economic growth?

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Do rich countries have an obligation to help the global poor? Why or why not?

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Explain how international institutions affect development in poor countries.

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What are secure property rights?

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