Exam 10: Development and Underdevelopment

Dependency theory shows how European colonizing powers blocked the emergence of industrial capitalism in the Global South.

How have countries such as Argentina,Ecuador,Venezuela,Bolivia,and Brazil worked on their economic development goals?

What long-term effect did slavery have on the economies of the European countries and the United States?

In England,the "mercantilist" system relied on protected markets and trade monopolies within them.

Which country stepped in to help once it became politically impossible for the United States to provide military aid,training,and support for Guatemala and its pro-American regime?

List the early historical factors that drastically impeded the Global South's ability to develop in the modern era.

Milton Friedman's economic ideas greatly impacted neoliberal policies of development.

Alberto Santos is a Brazilian citizen and has witnessed the impact of neoliberal policies in his country.When asked to describe what position the citizens have adopted,which of the following would he reply?

What consequence did the countries in the Global South experience as a result of international lending agencies imposing SAPs?

Which countries would neoliberals use as proof that their principles for development work?

A factory in Country X purchases raw materials from Country Y to make its product.Profits will be reinvested in the factory,increasing production and profits in Country X.Country Y will never make enough profits from the sale of materials to build its own factory.What theory could be used to explain the relationship that has developed between countries X and Y?

What was a consequence of Milton Friedman's market principles for the Global South?

Country X is a newly industrializing country in the era of globalization and transnational trade.Whose economic approach should government mirror in order to stimulate the economy and benefit the citizens?

Which of the following is part of the neoliberal prescription of the Washington consensus?

Review both neoliberal development strategies and Keynesian economic strategies.Then form a synthesis of both to propose your own theory of development.

The "Asian Tigers" (South Korea,Taiwan,and Singapore)have experienced rapid growth and industrialization in recent decades.Which statement best explains their successful development?

Paulo lives in Venezuela and is going to vote in the federal election today.What stance on economic policies is his candidate likely to have?

Which event after the 1500s resulted in dire consequences for the ongoing development of West Africa?

What is the Washington consensus?

The government of Country X is fighting a popular rebellion against the president's oppressive policies.The United States is sending military aid to the government because of its economic interests in Country X.According to the text,how could this situation influence development in the country?