Exam 21: Economic Growth in Developing Economies

A World Bank study found that charging user fees for medical treatment in developing countries dramatically reduced treatment rates, indicating that these medical treatments have elasticities

Compared to traditional bank loans, microfinance loans

The World Bank lends money to countries to

Which agency lends money to countries to promote their economic development?

China has developed a rapid approach to development.

Teacher absenteeism is a problem facing education in the developing world.

The ________ hypothesis states that poor countries are unable to save and invest enough to accumulate capital stock that would help them grow.

With microfinance, the mechanism of ________ is a way to avoid the problem of imperfect information.

In the agriculture sectors in the Global South, productivity tends to be ________ because farmers work with ________.

A policy in which ________ actively pick(s) industries to support as a base for economic development is known as industrial policy.

Most of the world's nations

In some nations, the government pays parents to send their children to school. There is ________ that these payments ________ school attendance.

Insufficient capital formation can limit a poor nation's economic growth.

The tendency of talented people in developing countries to get education in developed countries and stay there after graduation is called

Statistics show that the less developed a country is

Related to the Economics in Practice on p. 710: When the government of Bangladesh built flood embankments on the sides of rivers, this represented an investment in

Investment in social overhead capital refers to investment in areas like power plants and road construction.

Protection of intellectual property rights is more common in developing countries than in developed countries.

Most of China's recent growth has been fueled by ________, and most of India's recent growth has been fueled by ________.

The term "Global South" refers to