Exam 3: National Differences in Economic Development

Peruvian development economist Hernando de Soto has argued that the chronic inability of property owners to establish legal title to the property they own is a key problem for innovation and entrepreneurial activity in developing nations.

Studies of privatization in central Europe have shown that the process often fails to deliver predicted benefits if the newly privatized firms continue to receive subsidies from the state and if they are protected from foreign competition.

Most property in poor countries is owned legally by investors.

What are the factors that determine the long-run monetary benefits of doing business in a country?

Which of the following was developed by the United Nations to measure the quality of life in different nations?

Sony was a pioneer in the portable music market segment. The Sony Walkman was an innovative product that created a new category altogether and made Sony a technological leader. This gave the company an edge over other consumer electronics brands that introduced portable music players for a very long time. In this example, Sony had the

It may be more costly to do business in relatively primitive or undeveloped economies because of

Political freedom is one of the measures used by the Human Development Index (HDI) to measure the quality of human life in different nations.

GNI per capita can be adjusted by ________ to account for differences in the cost of living.

A country's economic system and property rights regime are reasonably good predictors of economic prospects.

In some countries, the official GNI per capita measured at PPP data does not reflect the actual total annual income because

New information and communication technologies have enabled the spread of democratic ideals.

For privatization to work, it must also be accompanied by a more general deregulation and opening of the economy.

Totalitarian states promote human freedom and human development, which facilitates economic progress.

Which of the following are more conducive to economic growth?

________ involves removing legal restrictions to the free play of markets, the establishment of private enterprises, and the manner in which private enterprises operate.

According to Amartya Sen, development should be

Economic growth appears to be a function of a country's capacity for growth and its

The benefits of doing business in a country are a function of which of the following?

Which of the following is one of the three main reasons for the spread of democracy?