Exam 22: Developing Countries: Growth, Crisis, and Reform

The world's economies can be divided into four main categories according to their annual per-capita income levels. Which one of the following is NOT one of the categories?

Explain the basic macroeconomic policy trilemma for open economies.

While many developing countries have reformed their economies in order to imitate the success of the successful industrial economies, the process remains incomplete and most developing countries tend to be characterized by all of the following EXCEPT

Over the period 1960-2000, France grew ________ than the United States economy.

Explain why the distinction between debt and equity finance is useful in analyzing the response of developing countries to unforeseen events such as recession or terms of trade change?

What are the main lessons economists learned from the developing country crisis?

Average per-capita GDP in the richest, most prosperous economies is ________ times that of the average in the ________ economies.

In 1981-1983, the world economy suffered a steep recession. Naturally, the fall in industrial countries' aggregate demand had a direct negative impact on the developing countries. What other mechanism was an even more important contributor to this event?

As of 2013, how large is the debt of developing countries to the rest of the world?

A considerable advantage that richer countries have over poorer ones is exemplified by the fact that

During the time period of 1981-1983 what dramatic world issue happened?

In developing countries, exchange rates tend to be

A trend that has been reinforced by many developing countries is privatization. Privatization refers to

In general, one would expect that life expectancies reflect international differences in income levels. Do the data support such a claim?

Brazil's 1999 crisis was relatively short lived because

Over the post-war era, poorer countries grew

Explain why East Asian countries have done so well relative to South American countries.

What is the domino effect or contagion?

For many developing countries, natural resources or agricultural commodities make up ________ share of exports

During 1991, Argentina's monetary law had a currency board. Explain and give an example.