Exam 14: China and the Emerging Economies

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The Silk Road Economic Belt links China through to Africa along the historical Silk Road.

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There is consensus on the role and significance of emerging economies.

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What is a key difference between the Western and Chinese models of development?

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China published its first White Paper on Foreign Aid in 1991.

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How has Chinese development changed over time?

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The Maritime Silk Road (MSR) is meant to complement the Silk Road Economic Belt (SREB).

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Critics such as former Nigerian Central Bank Governor Lamido Sanusi view the relationship between China and African economies as which of the following?

(Multiple Choice)
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The BRICS members state that the New Development Bank (NDB) is not intended to challenge or replace the IMF and the World Bank, though some observers see the NDB and the Contingent Reserve Arrangement as institutions that challenge these Western-dominated institutions.

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The AIIB builds upon the structure of existing multilateral development banks.

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BRI is made up of both maritime and terrestrial infrastructure projects.

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Which of the following is a joint venture of the BRICS?

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The US argues that the Asian Infrastructure Investment Bank (AIIB) is a soft-power tool of China.

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Why is the Asian Infrastructure Investment Bank controversial?

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How are BRICS responding to the increased importance of international development?

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Of the BRICS, only China and India have increased development assistance despite slowing growth.

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How does IBSA differ from the BRICS?

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The US has supported the creation of AIIB from the beginning.

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Key initiatives by South Korea are the Belt and Road Initiative (BRI) and establishment of the Asian Infrastructure Investment Bank (AIIB).

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What is the relationship between the SDGs and the emerging economies, particularly the BRICS?

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The BRICS are united by a shared geography, history, culture, and value system.

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