Question 1

Adam Smith, in his treatise, The Wealth of Nations, argued that

Accepted Answer

A)  mercantilism was the best way to ensure state security. 
B)  wealth came from the goods and services purchased, not merely the accumulation of precious metals. 
C)  military expansion abroad was an inevitable product of capitalism. 
D)  imperialism was a result of the inter-European competition for dominance. 
E)  governments must heavily regulate the economy to ensure it ran smoothly. 
A)  mercantilism was the best way to ensure state security. 
B)  wealth came from the goods and services purchased, not merely the accumulation of precious metals. 
C)  military expansion abroad was an inevitable product of capitalism. 
D)  imperialism was a result of the inter-European competition for dominance. 
E)  governments must heavily regulate the economy to ensure it ran smoothly.

Question 2

Possession of oil has allowed some Global South nations to achieve a standard of living that rivals those of some Global North countries.

Accepted Answer

A) True 
 B)False

Question 3

The strategy of export-led industrialization concentrates on developing domestic export industries capable of competing in overseas markets.

Accepted Answer

A) True 
 B)False

Question 4

Name one regional trade arrangement that seeks to promote economic growth among its members.

Accepted Answer

- NAFTA
- Mercosur
-

Question 5

The Group of 77 was an assemblage of the world's wealthiest countries that wanted to cut ties with the Global South and pursue development through import-led industrialization in their New International Economic Order (NIEO).

Accepted Answer

A) True 
 B)False

Question 6

The monies earned by immigrants working in rich countries and sent back to their home countries are known as remittances.

Accepted Answer

A) True 
 B)False

Question 7

Adam Smith's philosophies regarding supply and demand and minimal government came after many colonized countries began to declare their independence.

Accepted Answer

A) True 
 B)False

Question 8

Many Global South countries have pursued a policy of export-led industrialization that encourages domestic industries to produce products usually imported from abroad.

Accepted Answer

A) True 
 B)False

Question 9

Countries of the Global South that have achieved economic success by participating in the global trade free system are called

Accepted Answer

A)  dualist countries. 
B)  non-aligned countries. 
C)  newly industrialized countries (NICs). 
D)  dependent countries. 
E)  least developed of the less developed countries (LLDCs). 
A)  dualist countries. 
B)  non-aligned countries. 
C)  newly industrialized countries (NICs). 
D)  dependent countries. 
E)  least developed of the less developed countries (LLDCs).

Question 10

Which of the following is considered a form of foreign aid?

Accepted Answer

A)  Grants of money 
B)  Loans at low rates 
C)  Shared technical expertise 
D)  Military assistance 
E)  All of the above are forms of foreign aid. 
A)  Grants of money 
B)  Loans at low rates 
C)  Shared technical expertise 
D)  Military assistance 
E)  All of the above are forms of foreign aid.

Question 11

The Global South's New International Economic Order wanted to

Accepted Answer

A)  replace the old economic set up after World War II. 
B)  have a stronger voice in determining their interests. 
C)  form a coalition of the world's poor countries. 
D)  abolish practices perceived as perpetuating their dependence on Global North countries. 
E)  All of the above were goals of the Global South's New International Economic Order. 
A)  replace the old economic set up after World War II. 
B)  have a stronger voice in determining their interests. 
C)  form a coalition of the world's poor countries. 
D)  abolish practices perceived as perpetuating their dependence on Global North countries. 
E)  All of the above were goals of the Global South's New International Economic Order.

Question 12

To break out of their dependent status, countries within the Global South have pursued various industrialization strategies. Import-substitution industrialization and export-led industrialization are two of the most common strategies. What are the differences between these two strategies? Which has been more successful, and why?

Accepted Answer

Import-substitution industrialization (I

Question 13

Requests for "trade, not aid" by the Global South have been repeatedly met with little to no new free trade agreements.

Accepted Answer

A) True 
 B)False

Question 14

When the decolonization process began to accelerate, newly-formed countries India and Pakistan engaged in war over the disputed territory of

Accepted Answer

A)  North Korea. 
B)  Kashmir. 
C)  the Congo. 
D)  Turkey. 
E)  Mongolia. 
A)  North Korea. 
B)  Kashmir. 
C)  the Congo. 
D)  Turkey. 
E)  Mongolia.

Question 15

"Conditionality" in foreign aid refers to

Accepted Answer

A)  the level of poverty that must be present for a country to be eligible to receive aid. 
B)  the terms of repayment of the loan. 
C)  demands that aid recipients must meet in order to receive assistance. 
D)  both A and C above. 
E)  All of the above refer to conditionality in foreign aid. 
A)  the level of poverty that must be present for a country to be eligible to receive aid. 
B)  the terms of repayment of the loan. 
C)  demands that aid recipients must meet in order to receive assistance. 
D)  both A and C above. 
E)  All of the above refer to conditionality in foreign aid.

Question 16

The strategy of import-substitution industrialization was remarkably successful in the Global South in helping them break their ties with the Global North.

Accepted Answer

A) True 
 B)False

Question 17

Why is the existence of dual economies problematic for developing states?

Accepted Answer

Whatever growth occurs in the

Question 18

President Woodrow Wilson was a firm believer in the idea of self-determination for all people.

Accepted Answer

A) True 
 B)False

Question 19

The decolonization process set in motion at the end of World War I and accelerated after World War II is notable for its violence.

Accepted Answer

A) True 
 B)False

Question 20

Since 1980, ______________ has spread rapidly and widely throughout the world and become the preferred mode of governance.

Accepted Answer

A)  dictatorship from oil-producing countries 
B)  communism alongside a free-enterprise component 
C)  democracy 
D)  parliamentary dictatorship 
E)  none of the above is true 
A)  dictatorship from oil-producing countries 
B)  communism alongside a free-enterprise component 
C)  democracy 
D)  parliamentary dictatorship 
E)  none of the above is true

Adam Smith, in his treatise, The Wealth of Nations, argued that

Possession of oil has allowed some Global South nations to achieve a standard of living that rivals those of some Global North countries.

The strategy of export-led industrialization concentrates on developing domestic export industries capable of competing in overseas markets.

Name one regional trade arrangement that seeks to promote economic growth among its members.

The Group of 77 was an assemblage of the world's wealthiest countries that wanted to cut ties with the Global South and pursue development through import-led industrialization in their New International Economic Order (NIEO).

The monies earned by immigrants working in rich countries and sent back to their home countries are known as remittances.

Adam Smith's philosophies regarding supply and demand and minimal government came after many colonized countries began to declare their independence.

Many Global South countries have pursued a policy of export-led industrialization that encourages domestic industries to produce products usually imported from abroad.

Countries of the Global South that have achieved economic success by participating in the global trade free system are called

Which of the following is considered a form of foreign aid?

The Global South's New International Economic Order wanted to

Requests for "trade, not aid" by the Global South have been repeatedly met with little to no new free trade agreements.

When the decolonization process began to accelerate, newly-formed countries India and Pakistan engaged in war over the disputed territory of

"Conditionality" in foreign aid refers to

The strategy of import-substitution industrialization was remarkably successful in the Global South in helping them break their ties with the Global North.

Why is the existence of dual economies problematic for developing states?

President Woodrow Wilson was a firm believer in the idea of self-determination for all people.

The decolonization process set in motion at the end of World War I and accelerated after World War II is notable for its violence.

Since 1980, ______________ has spread rapidly and widely throughout the world and become the preferred mode of governance.

Exploring World Politics

Theories of World Politics

Theories of International Decision Making

Rivalries and Relations Among the Great Powers

Nonstate Actors and the Quest for Global

The Threat of Armed Conflict to the World

The Pursuit of Power Through Arms and Alliances

The Quest for Peace Through International Law and Collective Security

The Globalization of International Finance

International Trade in the Global Marketplace

The Demographic and Cultural Dimensions of Globalization

The Promotion of Human Development and Human Rights

Global Responsibility for the Preservation of the Environment

Looking Ahead at Global Trends

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Exam 5: The Global South in a World of Powers

Adam Smith, in his treatise, The Wealth of Nations, argued that

Possession of oil has allowed some Global South nations to achieve a standard of living that rivals those of some Global North countries.

The strategy of export-led industrialization concentrates on developing domestic export industries capable of competing in overseas markets.

Name one regional trade arrangement that seeks to promote economic growth among its members.

The Group of 77 was an assemblage of the world's wealthiest countries that wanted to cut ties with the Global South and pursue development through import-led industrialization in their New International Economic Order (NIEO).

The monies earned by immigrants working in rich countries and sent back to their home countries are known as remittances.

Adam Smith's philosophies regarding supply and demand and minimal government came after many colonized countries began to declare their independence.

Many Global South countries have pursued a policy of export-led industrialization that encourages domestic industries to produce products usually imported from abroad.

Countries of the Global South that have achieved economic success by participating in the global trade free system are called

Which of the following is considered a form of foreign aid?

The Global South's New International Economic Order wanted to

Requests for "trade, not aid" by the Global South have been repeatedly met with little to no new free trade agreements.

When the decolonization process began to accelerate, newly-formed countries India and Pakistan engaged in war over the disputed territory of

"Conditionality" in foreign aid refers to

The strategy of import-substitution industrialization was remarkably successful in the Global South in helping them break their ties with the Global North.

Why is the existence of dual economies problematic for developing states?

President Woodrow Wilson was a firm believer in the idea of self-determination for all people.

The decolonization process set in motion at the end of World War I and accelerated after World War II is notable for its violence.

Since 1980, ______________ has spread rapidly and widely throughout the world and become the preferred mode of governance.

Exploring World Politics

Theories of World Politics

Theories of International Decision Making

Rivalries and Relations Among the Great Powers

Nonstate Actors and the Quest for Global

The Threat of Armed Conflict to the World

The Pursuit of Power Through Arms and Alliances

The Quest for Peace Through International Law and Collective Security

The Globalization of International Finance

International Trade in the Global Marketplace

The Demographic and Cultural Dimensions of Globalization

The Promotion of Human Development and Human Rights

Global Responsibility for the Preservation of the Environment

Looking Ahead at Global Trends

Filters