Exam 5: The Global South in a World of Powers

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Laissez-faire economics emphasizes the need to accumulate gold and silver, and to conquer foreign territory to ensure state security.

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Global East is the name given to the rapidly growing economies of East and South Asia.

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The measure of country's citizen-based and corporation-based productivity is called Gross National Income.

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Banco del Sur was created by G-77 members to fund major infrastructure projects without Global North interference.

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In attempting to explain the persistent underdevelopment of the Global South, some theorists direct attention primarily toward what happens within these countries whereas others focus on the position of developing countries in the world political economy. Compare the modernization and dependency theories on the causes of the economic gap between rich and poor countries. Which one do you find more convincing? Why?

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Which of the following is not a regional trade regime?

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Unlike earlier time periods, at the end of World War I the colonial territories of Germany and the Ottoman Empire were

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Which of the following is a characteristic of the Global North?

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Discuss the importance of remittances in regards to its contributions to another country's GDP? In what ways would this have an affect on that country's quality of life and its effects on immigration?

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Many donor nations become frustrated with slow growth rates of Global South nations because

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Business enterprises that are headquartered in one country but invest and operate in other countries are called

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MNCs have been praised by some and condemned by others. What are the pros and cons of MNCs in the Global South? On the whole, has their presence there produced positive or negative effects?

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____________________ are the monies earned by immigrants working in rich countries (which almost exceeds the income they could earn working in their home country) that they send to their families in their country.

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The native ethnic and cultural inhabitant populations within countries, referred to as the 'Fourth World" is called ____________________.

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Describe the newly industrialized countries of the Global East.

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Distinguish between the first and second waves of European imperialism. What ideological / economic themes marked the first wave? How did imperialism and realpolitik play a significant role in the second wave of imperialism?

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By the year 1914 Europe had regained control of roughly one-fourth of the globe.

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All of the following are true of decolonization except:

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Remittances constitute more than double the global total dollars in

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Mercantilism is the economic philosophy advocating free markets, free trade, and little government intervention.

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