Exam 5: World Politics and the Global South

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

One popular way that scholars describe the inequalities between the rich states and poor states is by dividing the planet into the Global East and the Global West.

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

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

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

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

Which of the following best describes dependency theory?

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

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

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).

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

Which of the following is NOT one of the facets of the revised version of modernization theory?

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

Which of the following is not considered a form of foreign aid?

A realist would argue that European powers colonized the Global South for self-interest, trying to gain resources and power to improve their standing in the world.

Import-substitution industrialization is an economic development strategy that involves replacing imported goods with those produced domestically in order to encourage domestic growth.

A business enterprise headquartered in one state that invests and operates extensively in other states is known as an intergovernmental organization.

Which of the following may not be a downside to the rise of multinational corporations (MNCs)?

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?

Remittances constitute more than double the global total dollars in