Exam 10: Development: Causes of the Wealth and Poverty of Nations

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What is the Group of 77?

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Why is geography alone insufficient for explaining why some countries remain poor?

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In what ways did the form of colonialism have a long-term impact on economic development in former colonies?

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The colonial world can be divided into two types.The first type of colony were those where European settlers could easily live,without fear of death due to tropical diseases.In these colonies,European settlers settled,and as a result they set up institutions to ensure governance,such as the rule of law.The establishment of these social,political,and economic institutions encouraged economic growth.The second type of colony faced greater challenges to settlement.In these colonies,European settlers had trouble surviving as a result of disease or other factors.As a result,European settlers set up extractive institutions,designed to transfer resources to their mother country.These institutions had detrimental effects on economic growth.Evidence supports this argument as settler mortality rates are strongly correlated with the level of development of former colonies today.That is,those colonies with high settler mortality rates have lower levels of development today.

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?

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

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

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Which of the following does not represent a problem with ISI policies?

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

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

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What was the purpose of the New International Economic Order?

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What are some ways governments can encourage economic growth?

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Which of the following is an example of an oligopoly?

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What did development prospects look like in Zambia and South Korea in 1964? What explains the divergence in their development stories?

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Which of the following is an example of detrimental colonial policies?

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Which of the following statements does NOT accurately describe sub-Saharan Africa?

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What is the global target for development aid from developed countries?

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

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

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Why did colonialism hamper the development of less developed countries?

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Which of the following represents a criticism of the turn toward globalization in the 1980s and 1990s?

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