Exam 5: The Global South in a World of Powers

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V. I. Lenin believed the second wave of European imperialism was caused by

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The second wave of European imperialism saw the United States expand its influence in

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Common goals for foreign aid include which of the following?

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One explanation for why some countries are underdeveloped is offered by modernization theory, which claims that

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Foreign direct investment (FDI) is

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The less-developed countries are primarily located in the Global South.

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More than double the money spent on foreign aid is through monies received from immigrants working in foreign countries who send wages back home to their families.

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The modern global system was created by the powerful states, primarily to create a global civil society inspired by values of justice.

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The Second World consisted of the Soviet Union, its allies, and countries committed to planned economic policies.

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How have the NICs (newly industrialized countries) achieved a high level of economic development?

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What does LLDC stand for?

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Foreign direct investment (FDI) is investment by multinational corporations directly in the economy of a country that creates a long-term relationship between the two.

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From 2006 onward, the United States has pledged to provide aid of at least $5 billion each year. This represents the largest increase in U.S. development assistance since the Marshall Plan.

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Remittances are particularly valuable to many Global South countries because the money is typically spent immediately on basics such as food, clothing, housing, and education.

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Most countries in the Global South (outside Latin America) got their independence after

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One explanation as to why some countries are underdeveloped is offered by dependency theory, which explains that

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An economic strategy that focuses on domestic industries for the purpose of discouraging imports is called

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An economic system that focuses on supply and demand in the marketplace and emphasizes minimal government regulation of the economy is called

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Which of the following is not true of Global South nations?

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Dualism benefits developing countries because its goal is to make sure both urban and rural sectors equally benefit from development by multinational corporations.

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