Exam 21: Economic Growth in Developing and Transitional Economies

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What are some of the forms that central planning has taken in developing nations today?

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What is the function of the World Bank?

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In facilitating the transition from a centrally planned to a market-oriented economy, explain the difference between the "shock therapy" versus "gradualism" approach.

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Critically evaluate the following statement: "People in developing countries are not poor because they have large families. Rather, they have large families because they are poor."

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Define the following four references and name a country that you argue would fall into each category. (a) First World (b) Second World (c) Third World (d) Fourth World

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What might the World Bank actually be a less efficient means of financial intermediatinon than private international banks?

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What are natural experiments?

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What has been the reaction of many governments to the failure of central planning?

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