Question 1

Most of the reduction in poverty we have seen over the last decade or so has occurred in _________________ and ______________.

Accepted Answer

The answer of Most of the reduction in poverty we...

Question 2

Dependency theory is most closely associated with a ___________________ perspective on international relations.

Accepted Answer

A) Marxist 
B) liberal 
C) realist 
D) feminist

Question 3

According to neoliberalsim, developing nations should be as economically self-sufficient as possible.

Accepted Answer

A) True 
 B)False

Question 4

Liberal/neoliberal economic theory assumes that economic development is possible for all nations in a capitalist international order.

Accepted Answer

A) True 
 B)False

Question 5

The World Bank led the way in providing structural adjustment loans.

Accepted Answer

A) True 
 B)False

Question 6

The experience of India in the 1990s is usually invoked to illustrate the

Accepted Answer

A) failure of structural adjustment policies. 
B) benefits of neoliberal policies. 
C) success of import substitution strategies. 
D) success of structural adjustment policies.

Question 7

Voting within the IMF is based on each country's ______________________.

Accepted Answer

The answer of Voting within the IMF is based on...

Question 8

In the IMF voting power is based on

Accepted Answer

A) the principle of one nation, one vote. 
B) a nation's population. 
C) the resources that nations contribute to the IMF. 
D) how much a nation owes the IMF.

Question 9

What is the "Washington Consensus" and how did it influence IMF policy toward developing countries?

Accepted Answer

The answer of What is the "Washington Consensus" and how...

Question 10

Neocolonialism refers to

Accepted Answer

A) European colonization of Asia and Africa in the 1800s. 
B) the decline of former colonial powers. 
C) the continued economic domination and exploitation of former colonies. 
D) recolonization of a newly independent nation.

Question 11

______________________ development strategies tried to promote development by directing investment to, and protecting new industries from, foreign competition.

Accepted Answer

The answer of ______________________ development strategies tried to promote development...

Question 12

One of the problems facing many developing nations during the 1970s was OPEC's decision to increase the price of ______________.

Accepted Answer

The answer of One of the problems facing many developing...

Question 13

According to dependency theory, political independence inevitably leads to economic growth.

Accepted Answer

A) True 
 B)False

Question 14

The precedent of IMF loan conditionality was established in the Mexican debt crisis of the early 1980s.

Accepted Answer

A) True 
 B)False

Question 15

The 1970s debt crisis for many developing nations was caused in part by

Accepted Answer

A) increasing energy prices. 
B) IMF structural adjustment loans. 
C) the collapse of the Soviet Union. 
D) soaring rates of economic growth.

Question 16

According to _____________________, multinational corporations are likely to do more harm than good, exploiting poor nations without promoting genuine development.

Accepted Answer

The answer of According to _____________________, multinational corporations are likely...

Question 17

Why did the end of colonialism not lead to the hoped for growth and development throughout large parts of Asia and Africa?

Accepted Answer

The answer of Why did the end of colonialism not...

Question 18

Declining terms of trade refers to

Accepted Answer

A) a lowering of trade barriers around the world. 
B) products from developing nations that compete primarily on price rather than quality. 
C) lower prices for exports but steady or rising prices for imports. 
D) higher interest rates for developing states that defaulted on loans.

Question 19

Which of the following was a component of structural adjustment loans?

Accepted Answer

A) Increasing aid to the poor 
B) Very high interest rates 
C) Reducing barriers to imports 
D) Increasing subsidies to industries that export

Question 20

The IMF is run according to the principle of one nation, one vote.

Accepted Answer

A) True 
 B)False

Exam 7: The Imf, Global Inequality, and Development

Most of the reduction in poverty we have seen over the last decade or so has occurred in ___ and .

Dependency theory is most closely associated with a ___________________ perspective on international relations.

According to neoliberalsim, developing nations should be as economically self-sufficient as possible.

Liberal/neoliberal economic theory assumes that economic development is possible for all nations in a capitalist international order.

The World Bank led the way in providing structural adjustment loans.

The experience of India in the 1990s is usually invoked to illustrate the

Voting within the IMF is based on each country's ______________________.

In the IMF voting power is based on

What is the "Washington Consensus" and how did it influence IMF policy toward developing countries?

Neocolonialism refers to

______________________ development strategies tried to promote development by directing investment to, and protecting new industries from, foreign competition.

One of the problems facing many developing nations during the 1970s was OPEC's decision to increase the price of ______________.

According to dependency theory, political independence inevitably leads to economic growth.

The precedent of IMF loan conditionality was established in the Mexican debt crisis of the early 1980s.

The 1970s debt crisis for many developing nations was caused in part by

According to _____________________, multinational corporations are likely to do more harm than good, exploiting poor nations without promoting genuine development.

Why did the end of colonialism not lead to the hoped for growth and development throughout large parts of Asia and Africa?

Declining terms of trade refers to

Which of the following was a component of structural adjustment loans?

The IMF is run according to the principle of one nation, one vote.